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CGG SA (NYSE:CGG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday. They currently have a $8.20 price target on the stock. Zacks‘s price objective indicates a potential downside of 4.87% from the company’s current price.

Shares of CGG SA (NYSE:CGG) traded up 4.41% during mid-day trading on Tuesday, hitting $8.9999. 19,026 shares of the company’s stock traded hands. CGG SA has a 52-week low of $8.38 and a 52-week high of $25.78. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $13.9. The company’s market cap is $1.592 billion.

CGG SA (NYSE:CGG) last released its earnings data on Friday, August 1st. The company reported ($1.85) earnings per share (EPS) for the quarter. Analysts expect that CGG SA will post $1.40 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on CGG. Analysts at Canaccord Genuity upgraded shares of CGG SA from a “sell” rating to a “hold” rating in a research note on Tuesday, August 5th. Analysts at Societe Generale upgraded shares of CGG SA from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.20.

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.

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