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Eutelsat (EUTLF) & Cable Color Renew Broadcast Services Deal
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Eutelsat Group (EUTLF - Free Report) and Cable Color have entered a new multi-year contract to renew video broadcast capacity over Central America on Eutelsat's EUTELSAT 117 West A satellite.
Honduras-based Cable Color, a major cable operator in Honduras and Central America, provides its customers with a range of telecommunications services such as cable TV, Internet, telephony, VOIP, digital and HD television, and data transport. As a long-term customer of Eutelsat, this new agreement highlights Cable Color's ongoing trust in Eutelsat's broadcast quality.
The 117° West location is a prime TV neighbourhood for Latin America, facilitating wide distribution for various content and network providers. It currently broadcasts 300 TV channels, including 50 in HD, reaching approximately 110 million TV households. The region boasts more than 1,900 cable head-ends across Latin America and the Caribbean.
Additionally, 117° West is an expanding free-to-air TV neighbourhood with 100 channels available without encryption, featuring content from major regional public and private broadcasters.
Cable Color remains confident about partnership with Eutelsat, for ensuring high-quality and reliable service continuity for its customers across its entire market.
Headquartered in Paris, France, EUTLF is a global provider of satellite communications, connectivity and broadcast services that broadcast television channels (more than 6,500) to cable and satellite homes. Also, it serves fixed and mobile telecommunications services, TV contribution markets, corporate networks and broadband markets for Internet Service Providers and transport, maritime and in-flight markets.
Strategic collaborations bode well for EUTLF. In May, the company signed a memorandum of understanding (MoU) with YahClick, which is a subsidiary of Al Yah Satellite Communications Company PJSC (Yahsat). The MoU will enable Eutelsat’s geostationary satellite, EUTELSAT KONNECT, to be leveraged by YahClick.
Before that, the company announced its association with La Gran Carpa Catedral (“LGCC”), which is a non-profit institution based in Puerto Rico. Per the multi-year agreement, LGCC will utilize the capabilities of EUTLF’s EUTELSAT 8 West B (E8WB) satellite to expand the delivery of its TV channels to viewers across the Middle East and North Africa and Europe.
EUTLF carries a Zacks Rank #3 (Hold) at present. Shares of Eutelsat have lost 12% compared with the industry's decline of 30.2% in the past year.
Badger Meter has a long-term earnings growth expectation of 17.9% and delivered an earnings surprise of 12.89%, on average, in the trailing four quarters. In the last reported quarter, BMI delivered an earnings surprise of 14.29%.
Arista Networks has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15.02%, on average, in the trailing four quarters. In the last reported quarter, ANET delivered an earnings surprise of 8.25%.
Itron has a long-term earnings growth expectation of 26% and delivered an earnings surprise of 57.02%, on average, in the trailing four quarters. In the last reported quarter, ITRI delivered an earnings surprise of 26.04%.
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Eutelsat (EUTLF) & Cable Color Renew Broadcast Services Deal
Eutelsat Group (EUTLF - Free Report) and Cable Color have entered a new multi-year contract to renew video broadcast capacity over Central America on Eutelsat's EUTELSAT 117 West A satellite.
Honduras-based Cable Color, a major cable operator in Honduras and Central America, provides its customers with a range of telecommunications services such as cable TV, Internet, telephony, VOIP, digital and HD television, and data transport. As a long-term customer of Eutelsat, this new agreement highlights Cable Color's ongoing trust in Eutelsat's broadcast quality.
The 117° West location is a prime TV neighbourhood for Latin America, facilitating wide distribution for various content and network providers. It currently broadcasts 300 TV channels, including 50 in HD, reaching approximately 110 million TV households. The region boasts more than 1,900 cable head-ends across Latin America and the Caribbean.
Additionally, 117° West is an expanding free-to-air TV neighbourhood with 100 channels available without encryption, featuring content from major regional public and private broadcasters.
Cable Color remains confident about partnership with Eutelsat, for ensuring high-quality and reliable service continuity for its customers across its entire market.
Eutelsat Communications Price and Consensus
Eutelsat Communications price-consensus-chart | Eutelsat Communications Quote
Headquartered in Paris, France, EUTLF is a global provider of satellite communications, connectivity and broadcast services that broadcast television channels (more than 6,500) to cable and satellite homes. Also, it serves fixed and mobile telecommunications services, TV contribution markets, corporate networks and broadband markets for Internet Service Providers and transport, maritime and in-flight markets.
Strategic collaborations bode well for EUTLF. In May, the company signed a memorandum of understanding (MoU) with YahClick, which is a subsidiary of Al Yah Satellite Communications Company PJSC (Yahsat). The MoU will enable Eutelsat’s geostationary satellite, EUTELSAT KONNECT, to be leveraged by YahClick.
Before that, the company announced its association with La Gran Carpa Catedral (“LGCC”), which is a non-profit institution based in Puerto Rico. Per the multi-year agreement, LGCC will utilize the capabilities of EUTLF’s EUTELSAT 8 West B (E8WB) satellite to expand the delivery of its TV channels to viewers across the Middle East and North Africa and Europe.
EUTLF carries a Zacks Rank #3 (Hold) at present. Shares of Eutelsat have lost 12% compared with the industry's decline of 30.2% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Arista Networks, Inc. (ANET - Free Report) , Badger Meter, Inc. (BMI - Free Report) and Itron, Inc. (ITRI - Free Report) . ANET presently sports a Zacks Rank #1 (Strong Buy), whereas ITRI and BMI carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Badger Meter has a long-term earnings growth expectation of 17.9% and delivered an earnings surprise of 12.89%, on average, in the trailing four quarters. In the last reported quarter, BMI delivered an earnings surprise of 14.29%.
Arista Networks has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15.02%, on average, in the trailing four quarters. In the last reported quarter, ANET delivered an earnings surprise of 8.25%.
Itron has a long-term earnings growth expectation of 26% and delivered an earnings surprise of 57.02%, on average, in the trailing four quarters. In the last reported quarter, ITRI delivered an earnings surprise of 26.04%.