BidaskClub downgraded shares of Loral Space & Communications Ltd. (NASDAQ:LORL) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
Shares of NASDAQ LORL traded down $0.05 during mid-day trading on Wednesday, reaching $43.00. The company had a trading volume of 59,090 shares, compared to its average volume of 65,728. Loral Space & Communications Ltd. has a 52-week low of $36.85 and a 52-week high of $49.10.
Loral Space & Communications Ltd. (NASDAQ:LORL) last posted its earnings results on Wednesday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter.
About Loral Space & Communications Ltd.
Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2017, the company provided satellite services to its customers through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite.
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