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.