SES (SGBAF) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of SES (OTCMKTS:SGBAF) from a hold rating to a sell rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “SES S.A. provides satellite broadband communications services. It offers video services, such as broadcasting, content distribution and occasional use and full-time video contribution services. The company also provides enterprise services, including enterprise broadband, infrastructure as a service, bandwidth, and customized connectivity and tailored services. SES S.A. is based in Luxembourg. “

Separately, ValuEngine lowered shares of SES from a buy rating to a hold rating in a research report on Tuesday, March 5th.

OTCMKTS SGBAF opened at $17.21 on Friday. The company has a market cap of $5.59 billion, a P/E ratio of 12.56, a PEG ratio of 7.95 and a beta of 0.48. SES has a 1 year low of $14.11 and a 1 year high of $24.15.

SES Company Profile

SES SA provides satellite and ground communication solutions to connect and enable broadcast, telecom, corporate, and government customers worldwide. It offers video services, such as broadcasting, content distribution, and occasional use and full-time content contribution and distribution services. The company also provides cloud-scale connectivity solutions; satellite-enabled communications and network services for mobile and broadband customers; network infrastructure and services, and mobile backhaul solutions for telecom and mobile network operators; broadband connectivity solutions to maritime customers; satellite-enabled mobility solutions; network connection solutions to data, assets, and people for oil and gas, mining, hydro, and wind and solar energy companies; and critical connectivity solutions for defense, civil, and humanitarian operations.

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