Ses S.A. (OTCMKTS:SGBAF – Get Free Report)’s share price was down 13.8% during trading on Friday . The stock traded as low as $6.52 and last traded at $6.52. Approximately 1,810 shares were traded during trading, a decline of 40% from the average daily volume of 3,012 shares. The stock had previously closed at $7.5668.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded shares of SES to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Research Report on SGBAF
SES Stock Performance
SES (OTCMKTS:SGBAF – Get Free Report) last issued its quarterly 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 14.31%. The business had revenue of $877.72 million during the quarter. On average, research analysts expect that Ses S.A. will post 0.05 EPS for the current fiscal year.
About SES
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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