CGG SA (ADR) (CGG) is Initiated by Credit Suisse to Underperform

CGG SA (ADR) (CGG) was Initiated by Credit Suisse to “Underperform”. Credit Suisse advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on CGG SA (ADR). CGG SA (ADR) was Initiated by Credit Suisse to “Underperform” on Sep 19, 2016.

CGG SA (ADR) closed down -0.31 points or -1.27% at $24.12 with 5,060 shares getting traded on Friday. Post opening the session at $23.87, the shares hit an intraday low of $23.66 and an intraday high of $24.2799 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

CGG SA (CGG) is a manufacturer of geophysical equipment. The Company is a provider of marine land and airborne data acquisition services and geoscience services. The Company’s clients include independent international and national oil companies. CGG operates in three business segments: Equipment Acquisition and Geology Geophysics and Reservoir (GGR). The Equipment segment is a provider of seismic equipment to the land and marine seismic markets. The Acquisition segment provides geophysical acquisition services. The GGR segment offers a range of services to identify and characterize the client’s reservoirs including multi-client seismic surveys; seismic data related services; geoscience and petroleum engineering consulting services and data management services and software. The Company’s brands include geovation Hampson-Russell Jason Nomad MaxiWave Robertson and Insight Earth among others.


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