It was US President Donald Trump’s furious Oval Office clash with his Ukrainian counterpart last Friday that convinced fund manager Hugo Squire it was time to buy bonds in Eutelsat Communications SA.
Shares in Franco-British satellite operator Eutelsat pulled back on Friday after soaring nearly 500% this week on the prospect of potentially replacing Starlink in Ukraine.
Goldman Sachs Group Inc. analysts raised their rating on Eutelsat Communications SA shares to neutral less than two weeks after adopting a sell stance that would have missed the stock’s meteoric rise.
After a significant rally, Goldman Sachs has upgraded Eutelsat to Neutral after previously rating the stock a Sell, acknowledging that its earlier call underestimated the upside risk from government support.
Eutelsat’s share were stuck in the doldrums, and valued at just €1.23 per share. By close of business on March 5th they were tradi
Eutelsat Communications (EUTLF – Research Report) received a Hold rating and price target from Goldman Sachs analyst Andrew Lee