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

Ses S.A. (OTCMKTS:SGBAF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.60. SES shares last traded at $5.60, with a volume of 144 shares.

Wall Street Analysts Forecast Growth

SGBAF has been the subject of several recent analyst reports. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Finally, Zacks Research raised 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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SES Stock Up 7.7%

The firm has a 50-day moving average of $6.69 and a two-hundred day moving average of $7.72. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -6.36 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05.

SES (OTCMKTS:SGBAF – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%.The business had revenue of $877.72 million for the quarter. As a group, sell-side analysts anticipate 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 distribution services to customers worldwide. The company operates a multi-orbit satellite fleet combining geostationary orbit (GEO) and medium Earth orbit (MEO) systems, enabling it to deliver broadband, video, mobility and data services across a range of markets.

SES serves broadcasters, media companies, telecommunications operators, enterprises, governments and other organizations. Its offerings include television and video distribution, managed connectivity, cloud and networking services, and communications for aviation, maritime and remote locations.

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