Eutelsat Shares: JPMorgan Reverses Its Stance in Surprise Move
28.11.2025 - 22:13:05In a notable shift, JPMorgan has upgraded its rating for French satellite operator Eutelsat from “Underweight” to “Neutral.” This change coincides precisely with the launch of the company’s €670 million rights issue. However, the US bank simultaneously implemented a sharp reduction in its price target, cutting it to €1.90. This seemingly contradictory action is rooted in a stark financial reality.
The analysts justify their revised position by pointing to the stock’s dramatic 80 percent collapse since their initial downgrade in 2022, which was triggered by Eutelsat’s announcement of its plan to acquire OneWeb. They contend that following such a severe decline, the potential for further significant losses is now largely exhausted. While the planned €1.5 billion capital increase is seen Read more...
