SES (OTCMKTS:SGBAF) Shares Climb 9% – Still a Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price traded up 9% on Monday. The company traded as high as $4.58 and last traded at $4.58. Approximately 100 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 2,939 shares. The stock had previously closed at $4.20.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SGBAF shares. Oddo Bhf raised SES to an “outperform” rating in a report on Thursday. Zacks Research upgraded shares of SES to a “hold” rating in a research note on Wednesday, July 29th. Finally, Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

SES Stock Down 4.8%

The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -5.20 and a beta of 1.02. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The firm has a fifty day moving average price of $5.35 and a 200 day moving average price of $7.35.

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