SES (OTCMKTS:SGBAF) Upgraded to “Hold” at Zacks Research

SES (OTCMKTS:SGBAF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. New Street Research cut SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SES presently has an average rating of “Sell”.

SES Stock Down 13.8%

Shares of OTCMKTS SGBAF opened at $6.52 on Wednesday. SES has a 52-week low of $5.52 and a 52-week high of $11.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87. The stock has a market cap of $3.63 billion, a P/E ratio of -14.82 and a beta of 0.99. The firm has a 50 day moving average price of $8.93 and a 200 day moving average price of $8.17.

SES (OTCMKTS:SGBAF) last posted its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%. Analysts expect that SES will post 0.05 EPS for the current year.

SES Company Profile

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.