SES (OTCMKTS:SGBAF) Reaches New 12-Month Low at $7.23

Ses S.A. (OTCMKTS:SGBAFGet Rating) shares reached a new 52-week low on Thursday . The company traded as low as $7.23 and last traded at $7.43, with a volume of 711 shares traded. The stock had previously closed at $8.04.

Analyst Upgrades and Downgrades

SGBAF has been the topic of a number of research analyst reports. Berenberg Bank boosted their target price on SES from €9.80 ($10.10) to €11.20 ($11.55) and gave the stock a “buy” rating in a research report on Friday, June 10th. Societe Generale raised their target price on shares of SES from €9.30 ($9.59) to €10.00 ($10.31) in a report on Friday, May 6th. Morgan Stanley increased their price target on shares of SES from €9.00 ($9.28) to €10.00 ($10.31) in a research report on Thursday, June 16th. JPMorgan Chase & Co. lifted their price objective on SES from €8.40 ($8.66) to €10.00 ($10.31) and gave the stock a “neutral” rating in a research report on Wednesday, June 29th. Finally, Barclays lowered their target price on SES from €10.50 ($10.82) to €10.20 ($10.52) and set an “overweight” rating on the stock in a report on Wednesday, July 13th.

SES Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.61, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 9.78 and a beta of 0.94. The business’s 50-day moving average price is $8.49 and its two-hundred day moving average price is $8.58.

SES (OTCMKTS:SGBAFGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.19 earnings per share for the quarter. SES had a return on equity of 11.27% and a net margin of 23.38%. The company had revenue of $502.68 million during the quarter. Equities analysts expect that Ses S.A. will post 0.38 earnings per share for the current year.

SES Company Profile

(Get Rating)

SES SA provides satellite and ground infrastructure solutions worldwide. The company offers data connectivity services through its MEO and GEO satellite communication systems for aviation, maritime, cruise, energy, government, and telco and MNO industries. It also provides video services, including direct to home broadcast, occasional use, IP delivery, cable distribution, channel management, over the top (OTT), satellite distribution, hybrid TV platform, online video platform, content aggregation, SES 360, audience measurement and ad insertion, subscriber management, content distribution, production, value added, and real time booking services for broadcasters, platform operators, and sports organizations.

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