SES (OTCMKTS:SGBAF) Shares Gap Up – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF) gapped up prior to trading on Friday. The stock had previously closed at $4.65, but opened at $4.9350. SES shares last traded at $4.84, with a volume of 1,400 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Zacks Research upgraded shares of SES to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SES currently has a consensus rating of “Sell”.

SES Stock Up 4.1%

The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -5.50 and a beta of 1.02. The firm has a 50-day moving average price of $5.91 and a two-hundred day moving average price of $7.53.

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 net margin of 8.96% and a negative return on equity of 9.43%. The firm had revenue of $877.72 million during the quarter. As a group, sell-side analysts anticipate that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

SES Company Profile

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, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.