The CGG SA (CGG) Raised to Hold at The Zacks Investment Research

The CGG SA (CGG) Raised to Hold at The Zacks Investment Research

Zacks Investment Research upgraded shares of CGG SA (NYSE:CGG) from a sell rating to a hold rating in a research report released 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. “

Several other research firms have also recently weighed in on CGG. Credit Suisse Group AG initiated coverage on shares of CGG SA in a research report on Monday, September 19th. They issued an underperform rating on the stock. HSBC initiated coverage on CGG SA in a research note on Monday, September 19th. They issued a sell rating for the company.

Shares of CGG SA (NYSE:CGG) opened at 12.8199 on Tuesday. The company’s market cap is $283.74 million. CGG SA has a 1-year low of $12.75 and a 1-year high of $112.96. The stock has a 50 day moving average of $23.08 and a 200 day moving average of $24.29.

About CGG SA

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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