Zacks Investment Research upgraded shares of CGG (NYSE:CGG) from a sell rating to a hold rating in a report issued on Tuesday.

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. “

A number of other equities analysts have also commented on the company. Credit Suisse Group started coverage on CGG in a research note on Monday, September 19th. They set an underperform rating on the stock. HSBC started coverage on CGG in a research note on Monday, September 19th. They set a sell rating on the stock.

Shares of CGG (NYSE:CGG) traded down 5.54% during trading on Tuesday, hitting $11.93. The stock had a trading volume of 11,892 shares. The stock has a 50 day moving average price of $14.31 and a 200-day moving average price of $21.81. CGG has a one year low of $11.91 and a one year high of $76.80. The stock’s market capitalization is $264.05 million.

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About CGG

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.

5 Day Chart for NYSE:CGG

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