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Eutelsat Communications S.A. is upgraded to buy with a $3.57 price target, offering 21% upside. EUTLF's investment case is strengthened by improved free cash flow outlook, €1.5B debt raise, and reduced refinancing risk. LEO connectivity revenues are growing robustly, offsetting declines in GEO and video segments, with sovereign European demand as a key driver.

European satellite operator Eutelsat on Tuesday reported ‌third-quarter revenue broadly in line with market expectations, as growth in its low Earth orbit internet business helped offset continued weakness in video.

Demand for alternative ​satellite services from U.S. businesses and the Pentagon is resilient despite SpaceX's ‌request to U.S. regulators to restrict access for European rivals, the CEO of European satellite operator Eutelsat said.

PARIS--(BUSINESS WIRE)--Cadena Tres selects Eutelsat to continue content distribution in Mexico.