Eutelsat pops 13%; DB flags positive sentiment

Eutelsat Communications SA

22/04/2026 12:46

** Eutelsat ETL.PA up over 13%, with traders citing no clear catalyst in a volatile, technically driven stock, though Deutsche Bank flags support from its government business and positive sentiment

** "Whilst trading technicals in Eutelsat sees volatile share price moves, there is an overall positive sentiment given messaging around defence capacity and the desire to champion European satellite infrastructure, which also support," DB says

** The brokerage ups its target price to 2.4 euros ($2.8) from 2.3 euros, flagging potential U.S. growth, with revenue from the U.S. Department of Defence now accounting for below 50% of total government revenue

** "However, we think Gov GEO capacity remains tough. We lower capex given cancellation of Flexsat Americas," it adds

** Eutelsat last up 13.2% at its highest level since October 2025; shares up 78% YTD

($1 = 0.8511 euros)

 (Reporting by Gianluca Lo Nostro)

 ((gianluca.lonostro@thomsonreuters.com))