(AOF) – Berenberg lowered its price target from 9.30 euros to 7.20 euros and confirmed its Buy recommendation on SES. The research firm recalls that SES’s third quarter results were painful for those who had a positive view of investing in the company. The technical problem affecting the first O3b mPOWER satellites reduced their operational life, capacity and, ultimately, revenue. As a result, the broker has revised its forecast downwards quite significantly today.
The analyst “eagerly” awaits the annual results at the end of February and any announcement regarding the use of the billion euros of excess liquidity available to SES, following the receipt of the $3 billion linked to the C band.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
