Globalstar (GSAT) Lifted to “Hold” at BidaskClub

Globalstar (NASDAQ:GSAT) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday, May 7th, BidAskClub reports.

Globalstar stock traded down $0.04 during midday trading on Tuesday, reaching $0.52. 1,249,631 shares of the stock traded hands, compared to its average volume of 2,286,902. Globalstar has a 12 month low of $0.29 and a 12 month high of $0.73.

Globalstar (NASDAQ:GSAT) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $30.08 million for the quarter.

About Globalstar

Globalstar, Inc provides mobile satellite voice and data services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.

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