SES falls after Barclays cuts to 'underweight' on delivery concerns

SES SA

06/07/2026 09:40

   ** Shares in Luxembourg-based satellite operator SES SESFg.LU fall 2.3% after Barclays downgrades the stock to 'underweight' from 'equal weight' on delivery concerns
   ** The broker has short- and mid-term delivery concerns due to competitive factors and expects SES to remain below consensus beyond 2026
   ** "With the C-band catalyst now better understood and the SpaceX IPO behind us, we think the SES story refocuses on fundamentals," it adds 
   ** Barclays says "significant" improvement in organic revenue growth is needed across Government, Media and Mobility segments in the second half of 2026 to meet consensus forecasts
** Out of 11 analysts that cover SES, seven rate the stock "strong buy" or "buy,"​ three rate "hold" and one rates the stock "sell" - LSEG data
     
     

 (Reporting by Margaux Perrin in Gdansk)
 ((Margaux.Perrin@thomsonreuters.com))