SES (OTCMKTS:SGBAF) Shares Gap Up – Still a Buy?

Ses S.A. (OTCMKTS:SGBAF – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $4.1882, but opened at $4.60. SES shares last traded at $4.60, with a volume of 1,428 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research upgraded SES to a “hold” rating in a research note on Wednesday, July 29th. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Oddo Bhf raised shares of SES to an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

View Our Latest Stock Analysis on SGBAF

SES Stock Up 9.5%

The company has a market capitalization of $2.56 billion, a PE ratio of -5.23 and a beta of 1.02. The business has a 50-day moving average of $5.38 and a 200 day moving average of $7.37. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95.

SES (OTCMKTS:SGBAF – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The firm had revenue of $877.72 million for the quarter. Equities research analysts predict that Ses S.A. will post 0.05 earnings per share for the current year.

About SES

(Get Free Report)

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.

See Also

Receive News & Ratings for SES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SES and related companies with MarketBeat.com's FREE daily email newsletter.