CGG (OTCMKTS:CGGYY) Upgraded by Societe Generale to Buy

Societe Generale upgraded shares of CGG (OTCMKTS:CGGYY – Get Rating) from a hold rating to a buy rating in a research note published on Monday morning, The Fly reports.

CGG Price Performance

CGGYY stock opened at $0.72 on Monday. The business has a 50 day moving average price of $0.67 and a 200 day moving average price of $0.77. The stock has a market cap of $510.76 million, a price-to-earnings ratio of -14.35 and a beta of 2.25. CGG has a fifty-two week low of $0.54 and a fifty-two week high of $1.27. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 1.09.

CGG (OTCMKTS:CGGYY – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $270.00 million for the quarter. CGG had a negative return on equity of 3.95% and a negative net margin of 4.10%.

About CGG

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CGG is an integrated geosciences company, which provides geological geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. It manufactures geophysical equipment, as a provider of marine, land and airborne data acquisition services. The firm operates its business through the following segments: Contractual Data Acquisition; Geology, Geophysics & Reservoir(GGR); Equipment; and Non-Operated Resources.