CGG Veritas Rating Increased to Buy at UBS AG (CGV)

By admin | 6 years ago

CGG Veritas (NYSE: CGV) was upgraded by research analysts at UBS AG (NYSE: UBS) from a “neutral” rating to a “buy” rating in a report released on Tuesday.

CGG Veritas traded down 6.34% on Tuesday, hitting $22.91. CGG Veritas has a 1-year low of $15.08 and a 1-year high of $38.09. The company has a market cap of $3.479 billion and a price-to-earnings ratio of 679.44.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs (NYSE: GS) upgraded shares of CGG Veritas from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, April 18th. Analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of CGG Veritas from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, March 23rd.

CGG Veritas is a manufacturer of geophysical equipment and a provider of a range of services, including seismic data acquisition and related processing and interpretation software to the clients in the oil and gas exploration and production industry.

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