SES Shares Bounce Back 2.5%, Partially Recovering from June's Downturn
The Luxembourg-based satellite operator continues its recovery at midday in a positive Parisian market. The stock confirms the momentum started earlier in the week, following a severe correction in June. The session illustrates a return of buyers to the stock, now distanced from its recent low points.
A Nearly 17% Weekly Rebound Places the Stock Above Its Moving Averages
SES shares have risen 2.41% to €8.08, up from €7.89 the previous day. The stock now shows a weekly gain of 16.59%, significantly mitigating the 12.51% decline accumulated over the month. The stock is among the notable risers in the SBF 120, while the broader index has increased by 0.73% during the session and the CAC 40 has advanced by 0.72%. The price has moved back above its three moving averages, a signal that contrasts with the deteriorated technical configuration observed at the end of June. The stock is now 7.16% above the MM20 (€7.54) and 3.72% above the MM50 (€7.79), while the gap with the MM200 (€6.55) is over 23%. The RSI at 56 has returned to a neutral zone, after several weeks in oversold territory. The movement of the day extends the rebound that began on June 29, when the price had reached lows close to €6.60.
Barclays Lowers Price Target to €7.75 and Reverts to Market Weight
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Yesterday, Barclays lowered its target for SES from €8.80 to €7.75, coupled with a 'market weight' rating. The new target set by the British broker is now 4% below the current price of €8.08, reflecting a discrepancy between the recent rebound of the stock and the analyst's cautious view. This adjustment follows a challenging June for the operator, marked by the breaking of several technical supports. Against the backdrop, the slowdown in Eurozone inflation to 2.8% in June, below consensus, fuels expectations of a monetary pause by the ECB. A more stable interest rate environment generally supports capital-intensive stocks like satellite operators. The next technical milestone is towards the resistance identified at €9.89, while the €7.75 zone, now Barclays' target, will serve as a short-term benchmark.
SectorTélécommunications›Équipements de Télécommunications
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Context
Period
Period: 3T/9M 2025
Guidance from the release
I am pleased to report our solid 9 months 2025 results which include the first quarter for the combined company following the successful close of the Intelsat acquisition on 17 July 2025.
Croissance tirée par le segment Networks (Aviation, Government), intégration d'Intelsat en bonne voie, carnet de commandes brut de €7,1 billion, lancements O3b mPOWER 9 & 10 réussis et règlement d'assurance partiel d'environ $87 million.
Risks mentioned
Risque de ne pas atteindre les synergies attendues de l’acquisition d’Intelsat
Retards ou échecs de lancements ou problèmes opérationnels des satellites
Risques réglementaires et obtention d’approbations
Pressions concurrentielles et évolution technologique réduisant la demande
Opportunities identified
Positionnement multi-orbit renforcé pour capter la croissance longue durée
Expansion du business Aviation (plus de 3,000 tails; 200 nouveaux tails gagnés depuis clôture)
Augmentation de capacité et résilience avec les satellites O3b mPOWER supplémentaires
Carnet de commandes et renouvellements importants (nouveau business et renewals > €1,4 billion YTD)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
