logo
#

Latest news with #EutelsatCommunicationsSA

Goldman Analysts Make U-Turn on Eutelsat Rating After Epic Rally
Goldman Analysts Make U-Turn on Eutelsat Rating After Epic Rally

Bloomberg

time07-03-2025

  • Business
  • Bloomberg

Goldman Analysts Make U-Turn on Eutelsat Rating After Epic Rally

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. Eutelsat, seen as a leading beneficiary of European plans to boost defense spending as the US scales down military commitments to the continent, has surged 400% this week. The stock is trading 13% lower on Friday.

Eutelsat's Stunning Market Gains Leave Short Sellers Scrambling
Eutelsat's Stunning Market Gains Leave Short Sellers Scrambling

Bloomberg

time07-03-2025

  • Business
  • Bloomberg

Eutelsat's Stunning Market Gains Leave Short Sellers Scrambling

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. The French satellite operator's debt was trading at near-distressed levels, with some money managers citing it as a popular short bet for hedge funds and trading desks. This week though, the unfolding signs of a geopolitical shift, and Europe's race for an alternative to Elon Musk's Starlink are driving a stunning reversal, lifting shares by about 400% and pushing its bonds well above face value.

Italy Is Getting Cold Feet Over Deal to Use Musk's Starlink
Italy Is Getting Cold Feet Over Deal to Use Musk's Starlink

Bloomberg

time05-03-2025

  • Business
  • Bloomberg

Italy Is Getting Cold Feet Over Deal to Use Musk's Starlink

By , Alessandra Migliaccio, and Donato Paolo Mancini Save The Italian government is having growing doubts about closing a €1.5 billion ($1.6 billion) deal with Elon Musk's Starlink in light of the US pullback from commitments to European security, people familiar with the matter said. Possible alternatives to Starlink for secure satellite-based communications to the government include Eutelsat Communications SA, according to the people, who asked not to be identified because the talks are confidential. Musk, a close ally of US President Donald Trump, is also seen as an unreliable partner by some in Meloni's administration, they said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store