Eutelsat Shares Face Cautious Analyst Sentiment Despite Strategic Moves

Market analysts are maintaining a guarded stance on Eutelsat, even as the satellite operator concludes major financing rounds and embarks on an ambitious expansion plan. Kepler Cheuvreux has resumed coverage of the stock, assigning a “Hold” rating alongside a price target of €2.50. The fundamental outlook remains complex, with negative free cash flow projected until the end of the decade and a return to positive profitability not anticipated before the 2029/30 fiscal year.

A significant overhang has been removed with the completion of Eutelsat’s capital increase, which raised €1.5 billion. This included a €670 million rights issue finalized in December 2025. According to Kepler Cheuvreux, this secures funding for the company’s capital-intensive low-Earth orbit Read more...