Eutelsat released a good Q3 trading update, beating consensus thanks to the resilience of its broadcast activity. By itself, we expect a positive investor reaction, for a company used to giving profit warnings. In addition, Eutelsat maintained its updated guidance. No change in our estimates, nor our recommendation.
15 May 2020
Q3 19/20: resilient business model
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Q3 19/20: resilient business model
Eutelsat Communications SA (ETL:PAR) | 0 0 9.4% | Mkt Cap: 4,324m
- Published:
15 May 2020 -
Author:
Hugo Paternoster -
Pages:
3
Eutelsat released a good Q3 trading update, beating consensus thanks to the resilience of its broadcast activity. By itself, we expect a positive investor reaction, for a company used to giving profit warnings. In addition, Eutelsat maintained its updated guidance. No change in our estimates, nor our recommendation.