SES (OTCMKTS:SGBAF) Shares Gap Up – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.00, but opened at $9.41. SES shares last traded at $9.42, with a volume of 1,500 shares.

Analysts Set New Price Targets

Separately, New Street Research started coverage on SES in a research report on Wednesday, May 13th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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SES Price Performance

The firm has a market capitalization of $5.74 billion, a P/E ratio of -23.41 and a beta of 0.86. The business has a fifty day moving average of $7.75 and a 200-day moving average of $7.29. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87.

SES (OTCMKTS:SGBAF – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.The business had revenue of $991.17 million during the quarter. On average, sell-side analysts forecast that Ses S.A. will post 0.05 EPS for the current fiscal year.

About SES

(Get Free Report)

SES (OTCMKTS:SGBAF) is a leading global satellite operator headquartered in Betzdorf, Luxembourg. The company provides end-to-end satellite communications services, leveraging a fleet of geostationary satellites under the ASTRA and SES brands, as well as medium-earth orbit satellites through its O3b network. SES serves a diverse range of customers in the broadcast, telecom, maritime, aviation and government sectors, delivering managed video distribution and high-throughput data connectivity solutions worldwide.

The company’s video business enables broadcasters and content distributors to reach television audiences across Europe, North America, Latin America, Asia-Pacific and Africa.

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