SES (OTCMKTS:SGBAF) Shares Down 3.4% – Time to Sell?

Ses S.A. (OTCMKTS:SGBAF)’s share price was down 3.4% during trading on Tuesday. The company traded as low as $4.6450 and last traded at $4.6450. 2,000 shares were traded during trading, a decline of 31% from the average session volume of 2,913 shares. The stock had previously closed at $4.81.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SGBAF. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. Oddo Bhf raised SES to an “outperform” rating in a report on Thursday, October 15th. 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 Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

SES Price Performance

The firm has a market capitalization of $2.59 billion, a P/E ratio of -5.28 and a beta of 1.02. The company has a fifty day moving average of $5.32 and a 200 day moving average of $7.34. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95.

SES (OTCMKTS:SGBAF) last released its earnings results 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. Sell-side analysts predict that Ses S.A. will post 0.05 earnings per share for the current year.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.