Zacks Investment Research Downgrades CGG SA (CGG) to Sell
CGG SA (NYSE:CGG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.
According to Zacks, “CGG operates as a Geoscience company. It provides geophysical services and software products and manufactures geophysical equipment. The Company primarily operates in the Americas, Asia-Pacific, Europe, the former Soviet Union, and Africa. CGG is based in France. “
Several other brokerages have also issued reports on CGG. HSBC initiated coverage on shares of CGG SA in a report on Monday, September 19th. They issued a “sell” rating for the company. Credit Suisse Group AG initiated coverage on shares of CGG SA in a report on Monday, September 19th. They issued an “underperform” rating for the company.
CGG SA (NYSE:CGG) opened at 15.75 on Friday. The firm’s 50-day moving average is $26.06 and its 200 day moving average is $25.27. The firm’s market capitalization is $348.59 million. CGG SA has a 52-week low of $15.65 and a 52-week high of $121.60.
CGG SA Company Profile
CGG SA (CGG) is a manufacturer of geophysical equipment. The Company provides marine, land and airborne data acquisition services, as well as a range of other geoscience services, including data imaging, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data.
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