Share on StockTwits

Compagnie Generale de Gephysqu Vrts SA (NYSE:CGG) was upgraded by Societe Generale from a “hold” rating to a “buy” rating in a research note issued on Tuesday, reports.

Compagnie Generale de Gephysqu Vrts SA (NYSE:CGG) traded up 3.29% on Tuesday, hitting $15.09. 15,662 shares of the company’s stock traded hands. Compagnie Generale de Gephysqu Vrts SA has a one year low of $12.68 and a one year high of $25.85. The stock’s 50-day moving average is $13.94 and its 200-day moving average is $15.74. The company’s market cap is $2.669 billion.

CGG has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Compagnie Generale de Gephysqu Vrts SA from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $13.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.70.

CGG SA, formerly Compagnie Generale de Geophysique-Veritas, is a manufacturer of geophysical equipment and a provider of a range of seismic services in data acquisition and processing both onshore and offshore, principally to clients in the oil and gas exploration and production industry.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.