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

Ses S.A. (OTCMKTS:SGBAF) gapped up before the market opened on Tuesday . The stock had previously closed at $6.1581, but opened at $6.49. SES shares last traded at $6.49, with a volume of 210 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on SGBAF. Barclays lowered shares of 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. Finally, Zacks Research raised shares of SES to a “hold” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Sell”.

SES Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock has a market cap of $3.62 billion, a PE ratio of -7.38 and a beta of 1.01. The business has a 50-day moving average price of $8.18 and a 200 day moving average price of $8.09.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%.The firm had revenue of $877.72 million during the quarter. As a group, research analysts forecast that Ses S.A. will post 0.05 earnings per share 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.