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%
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
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.
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