Eutelsat suffers a 71% reduction by bank – SatNews

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Eutelsat suffers a 71% reduction by bank – SatNews

Analysts at investment bank BNP Paribas have issued their thoughts on satellite operator Eutelsat’s current predicament and have advised clients that their rating on the Paris-based business is ‘underperform’ as far as shareholders are concerned. But worse, in that the bank’s Sami Kassab, in the past a supporter of satellite stocks, has issued a target price for Eutelsat is just €1 per share, a dramatic 71 per cent reduction to its previous targ…