Eutelsat Communications

Eutelsat Communications is a private telecommunications satellite operator involved in the design, establishment, operation and maintenance of satellite telecommunications systems covering a large geographical area (extended Europe (including North Africa and the Middle East), sub-Saharan Africa, parts of America and Asia). Co. provides its customers broadcasting capacity and associated services to transmit TV programmes via satellite, cable or Internet Protocol (IP) networks. As of June 30, 2013, Co. owned and operated 31 satellites in geostationary orbit and 4 satellites in inclined orbit.
  • TickerETL
  • ISINFR0010221234
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance
Valérie GASTALDY

Short term view - EUTELSAT : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €17.748, then €15.275. Passing €23.839 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - EUTELSAT : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 17,748 €, puis 15,275 €. Le franchissement de 23,839 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - EUTELSAT : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €19.70. A break below €19.70 would challenge the trend.

Valérie GASTALDY

Analyse court terme - EUTELSAT : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 19,70 €. La tendance serait remise en cause par la rupture de 19,70 €.

Valérie GASTALDY

Medium term view - EUTELSAT : Prices recovered.

The trend is uncertain. Prices have recovered and they are starting to display convincing strength. A new bullish trend is attempting to emerge.

Charles Lepetitpas

Eutelsat Communications : Positive message on video and broadband, but short term impacts on margins and EUR/USD

>Q4 sales topped expectations, mobility better than expected - Eutelsat reported on Friday 31 July Q4 sales and full-year earnings ahead of expectations, apart from net profit. In detail, sales of operating activities came in at € 317m (4% ahead of the consensus € 304m), with underlying growth at cc of -4.3% y-o-y, reflecting a sequential slowdown of 2.7 pt (Q3 at -1.6%). Sales for the video business came in a shade ahead of expectations at € 196m (consensus: € 194m),...

Charles Lepetitpas

Eutelsat Communications : Message positif sur la Video et le Broadband, mais impacts court terme sur les marges et l’EUR/USD

>CA T4 meilleur qu’attendu, la Mobilité résiste mieux que prévu - Eutelsat a publié vendredi un CA T4 et des résultats annuels globalement meilleurs qu’attendu, hormis sur le résultat net. Dans le détail, le CA des activités opérationnelles ressort à 317 M€ (4% au-dessus du Css à 304 M€), en croissance sous-jacente à cc de -4.3% y/y, en ralentissement séquentiel de 2.7 pt (T3 à -1.6%). Le CA Video ressort légèrement au-dessus des attentes à 196 M€ (Css : 194 M€), en c...

Charles Lepetitpas

ODDO : Significant impact on mobility, but sector undervalued

>Impact in mobility in Q2: 6% of revenues for Eutelsat and 12% for SES - In Q2, operators will be hit mainly by a significant decline in mobility revenues (-75%e for Eutelsat and -50%e for SES), which corresponds to communication solutions for planes and boats. This is not directly related to the fall in traffic as the vast majority of contracts are not dependent upon usage, but rather to sales discounts given to distributors financially crippled by the crisis. Mobili...

Charles Lepetitpas

ODDO : Impact non négligeable sur la mobilité, mais le secteur est sous-évalué

>Un T2 impacté sur la mobilité, 6% du CA d’ETL et 12% de SES - Au T2, les opérateurs vont principalement souffrir d’une forte baisse de revenus mobilité (-75%e pour ETL ; -50%e pour SES), qui correspond à la fourniture de moyens de communications pour les avions et les bateaux. Celle-ci n’est pas directement liée à la chute du trafic, la quasi-totalité des contrats ne dépendant pas de l’usage, mais plutôt à des remises commerciales consenties aux distributeurs, étran...

Charles Lepetitpas

ODDO : With or without OneWeb, the battle of the “mega constellations” has begun

>OneWeb, an ambitious project that is short of financing - “Building the biggest constellation of internet satellites to connect the world” was OneWeb’s dream before it was placed under Chapter 11 protection in March 2020. In order to fulfil this ambition, the group had already raised around $ 3.3bn notably from Softbank (which has invested $ 1bn and owns 37% of the capital) Qualcomm and Virgin. But with the coronavirus crisis and with SoftBank facing its own difficul...

Eutelsat Communications SA - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eutelsat Communications SA: Update to credit analysis following outlook change to negative

Our credit view of Eutelsat SA, the main operating subsidiary of Eutelsat Communications SA, reflecting the ongoing earnings pressure, partially offset by its positive free cash flow.

Eutelsat Communications SA - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eutelsat Communications SA: Full year results in line but €100 million share buyback limits deleveraging prospects

Our credit view of Eutelsat's full year results and announcement of a €100 million share buyback

Eutelsat Communications SA: Update to credit analysis

Our credit view of Eutelsat SA, the main operating subsidiary of Eutelsat Communications SA, reflecting its operational and financial trends over 2019-20.

Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2020

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Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2020

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Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2020

The increase in Fortum’s stake in Uniper to 73.4% upends the two groups’ strategic priorities. In seeking to maintain an investment grade credit rating, Uniper might have to scale back its ambitions in terms of growth investments. In an environment where rivals are looking ahead to the future, Fortum and Uniper are uniting in adversity. We initiate coverage of Uniper with a Reduce rating and a target price of € 24.30. - Cf. company report published last evening. - ...

Alfred Glaser ...
  • Charles Lepetitpas
  • Delphine Brault
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Jean-Baptiste Rouphael
  • Jean-François Granjon
  • Marc Lavaud
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/09/2020

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Alfred Glaser ...
  • Charles Lepetitpas
  • Delphine Brault
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Jean-Baptiste Rouphael
  • Jean-François Granjon
  • Marc Lavaud
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 09/07/2020

Nous relevons notre valorisation à 13 € par action vs 11 € en intégrant les synergies liées à l'acquisition de Lagardère Studios. Alors que l’offre devrait être clôturée le 28/09 nous attendons pour nous prononcer sur celle-ci alors que la visibilité sur les réformes réglementaires est pour le moment limitée. Cf. étude publiée ce jour. - ...

EUTELSAT COMMUNICATIONS reduced its risk exposure resulting in an upgrade to Slightly Positive

EUTELSAT COMMUNICATIONS (FR), a company active in the Mobile Telecommunications industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date May 1, 2020, the closing price was EUR 10.24 and its potential was estimated at EUR 12.06.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Eutelsat Communications - AGM 7 November 2019

The mandates of John Birt and Jean d’Arthuys will expire at the end of this Annual General Meeting, and Carole Piwnica resigned. Hence, the board of Directors will comprise 10 members (previously 12) with a majority of independent members (independence rate: 60%). The board of Directors seeks shareholder approval of the election of Cynthia Gordon (ITEM 5) and the re-election of Ana Garcia Fau (ITEM 6). Given the independence rate and the fact that the two Directors do not hold an excessive number of mandates, ECGS recommends to APPROVE.Under ITEMS 8, 9, 10, 12 and 13 : the Board of Directors s...

Pauline Delecourt

Eutelsat Communications - AG du 7 Novembre 2019

GOUVERNANCE Compte tenu de l'expiration à l'issue de la présente Assemblée, des mandats d'administrateur de John Birt et de Jean d'Arthuys ainsi que de la démission de Carole Piwnica avec date d'effet au 7 novembre 2019, le conseil passera de 12 membres à 10 membres et sera majoritairement composé de membres libres de conflits d'intérêts potentiels. En effet, il est proposé d'approuver la nomination de Cynthia Gordon (résolution 5) et le renouvellement d'Ana Garcia Fau (résolution 6), propositions qui seront soutenues. REMUNERATION La politique de rémunération des dirigeants se caractéri...

Eutelsat Communications – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Eutelsat Communications - 2018, november 8th

Items 5 and 6: The board doesn’t comprise a majority of independent directors, however Proxinvest will support the re-election of BpiFrance Participation as it is the main shareholder of the company. However the re-election of Ross McInnes will not be supported even if he is considered as independent considering that he has too many directorships in listed companies. Item 7 to 13: The compensation report has a high level of disclosure and the quantum respects mainly our guidelines. Moreover the company decided to change some of the performance conditions to avoid repetition between the STI co...

Eutelsat - 8 novembre 2018

Deux renouvellements d'administrateurs sont proposés aux actionnaires. Bien que le conseil ne soit pas composé d'une majorité de membres libres de conflits d'intérêts potentiels, Bpifrance Participations - premier actionnaire et donc non indépendant - sera soutenu car la politique de vote de Proxinvest est de soutenir un représentant de chacun des trois premiers actionnaires quelque soit l’indépendance du conseil. En revanche, une recommandation négative portera sur le renouvellement du mandat de Ross McInnes qui est indépendant mais dont le nombre de mandats détenus est jugé excessif puisqu'i...

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