SES (OTCMKTS:SGBAF) Upgraded by Barclays to Strong-Buy

Barclays upgraded shares of SES (OTCMKTS:SGBAF) to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports.

SES Stock Performance

Shares of SGBAF stock opened at $5.32 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 2.57 and a debt-to-equity ratio of 0.95. SES has a 52 week low of $4.51 and a 52 week high of $6.77. The firm has a 50 day moving average of $5.22 and a 200-day moving average of $5.48. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -2.40 and a beta of 1.21.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.08 earnings per share for the quarter. SES had a negative net margin of 45.07% and a positive return on equity of 8.57%. The firm had revenue of $516.68 million during the quarter. On average, equities analysts forecast that SES will post 0.62 earnings per share for the current year.

About SES

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.