SES (OTCMKTS:SGBAF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of SES (OTCMKTS:SGBAF) to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SES currently has a consensus rating of “Sell”.

SES Trading Down 13.8%

Shares of OTCMKTS SGBAF opened at $6.52 on Wednesday. The firm’s 50 day moving average price is $8.93 and its 200-day moving average price is $8.17. SES has a 52-week low of $5.52 and a 52-week high of $11.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87. The company has a market cap of $3.63 billion, a PE ratio of -14.82 and a beta of 0.99.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. On average, equities research analysts expect that SES 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.