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

Ses S.A. (OTCMKTS:SGBAF) shares 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.

Wall Street Analyst Weigh In

Several research firms have commented on SGBAF. Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of SES to a “hold” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

SES Trading Up 5.4%

The firm has a 50-day moving average of $8.32 and a two-hundred day moving average of $8.12. The firm has a market capitalization of $3.62 billion, a P/E ratio of -7.38 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05.

SES (OTCMKTS:SGBAF) last released its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The business had revenue of $877.72 million during the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. On average, analysts anticipate that Ses S.A. will post 0.05 EPS for the current 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.