Ses S.A. (OTCMKTS:SGBAF – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.43, but opened at $6.1340. SES shares last traded at $6.1340, with a volume of 250 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on SGBAF shares. New Street Research lowered SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Barclays downgraded 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, July 29th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Sell”.
Get Our Latest Stock Analysis on SGBAF
SES Stock Performance
SES (OTCMKTS:SGBAF – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $877.72 million for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. As a group, analysts anticipate that Ses S.A. will post 0.05 earnings per share for the current 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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