SES Shares Drop Nearly 5% After a 75% Yearly Rally
The Luxembourg-based satellite operator undergoes a significant correction mid-session, following several weeks of soaring performance that had brought it to a multi-year high. This movement contrasts with the generally positive Parisian market. The session includes a target price revision by a major broker.
SES shares fall 5.09% to €8.77 at midday, while the SBF 120 index is up 0.60% and the CAC 40 gains 0.75%. The stock is among the largest declines in the broader index, contrary to the general trend. This correction follows a spectacular rally that increased the share price by more than 25% over the month and 75% over the year. Today's decline does not undermine the underlying momentum: the three-month performance remains close to 40%. On the analyst front, Barclays raised its price target from €6.00 to €8.80 this Tuesday, while maintaining a 'market weight' rating. The new target closely aligns the potential with the current price, after the recent stock performance. In other news, SES announced yesterday an agreement with the Mexican airline Viva to equip 100 Airbus planes with satellite in-flight connectivity. The deployment will cover 60 A320s and 40 A321s in the coming years.
Stock Remains Well Above Its Three Moving Averages Despite the Pullback
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
In terms of indicators, today's pullback does not alter the medium-term bullish configuration. The price at €8.80 is still significantly above the MM20 at €8.32 (+5.83%), the MM50 at €7.19 (+22.46%), and the MM200 at €6.36 (+38.44%). The RSI at 68 moves out of the overbought zone where it had been deepening in recent sessions, indicating a normalization after the recent surge. The technical resistance identified at €9.89 remains out of reach, while the support at €6.36, coinciding with the MM200, provides a comfortable cushion. The session illustrates targeted profit-taking on one of the SBF 120's best-performing stocks since spring. The next operational milestone will be the realization of the contract with Viva, with initial deployments expected in the coming years.
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.
