SES Shares Decline by 2%, Extending Weekly Downturn
The stock of the Luxembourg-based satellite operator continues its correction in early afternoon trading, within an otherwise positive Parisian market. The decline follows a drop that began earlier in the week, after several weeks of sharp rises that had propelled the stock to a multi-year high.
A Marked Consolidation Bringing the Stock Below its 20-Day Moving Average
SES is down 2% at €8.34, while the SBF 120 is up by 0.83%. The decline brings the weekly drop to 11.46%, following a rally that had pushed the stock to €8.65 at the end of May. Over three months, the performance remains solid, at over 26%, and rises to 64.33% on an annual basis. The price has slightly fallen below its 20-day moving average (MM20) at €8.43 (a gap of -1.07%), a short-term signal that breaks the momentum of the recent sessions. The underlying structure remains bullish: the 50-day moving average (MM50) at €7.30 and the 200-day moving average (MM200) at €6.39 are still well below the current price, with respective gaps of 14.25% and 30.52%. The RSI at 54 indicates a return to a neutral zone after the overheating episode that accompanied the late May peak.
Barclays Raises Its Target from €6 to €8.80, Close to the Current Price
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Barclays has raised its price target from €6 to €8.80, accompanied by a 'market weight' rating. The new target is about 5.5% above the current price, reflecting the accelerated revaluation of the stock since the beginning of spring. Analysts' opinions remain a benchmark for gauging the residual potential after the rally. On the commercial side, the agreement with the Mexican airline Viva, announced on June 1st, involves equipping 60 Airbus A320s and 40 A321s with multi-orbit connectivity. The contract expands the operator's footprint in the promising segment of in-flight connectivity, following the integration of Intelsat. The next resistance level identified is at €9.89; this level has not been recently breached.
SectorTélécommunications›Équipements de Télécommunications
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.
