SES (OTCMKTS:SGBAF) Reaches New 1-Year High – Here’s Why

Ses S.A. (OTCMKTS:SGBAF) reached a new 52-week high during trading on Wednesday . The company traded as high as $9.22 and last traded at $9.22, with a volume of 2650 shares. The stock had previously closed at $8.33.

Analysts Set New Price Targets

Separately, New Street Research initiated coverage on SES in a report on Wednesday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

SES Trading Down 1.3%

The stock has a fifty day moving average of $7.53 and a 200 day moving average of $7.24. 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 capitalization of $5.07 billion, a PE ratio of -20.68 and a beta of 0.86.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. SES had a positive return on equity of 0.62% and a negative net margin of 4.96%.The company had revenue of $991.17 million for the quarter. As a group, sell-side analysts predict 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.