Globalstar (GSAT) Upgraded to Buy at BidaskClub

Globalstar (NASDAQ:GSAT) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Monday, BidAskClub reports.

NASDAQ:GSAT opened at $0.64 on Monday. Globalstar has a one year low of $0.29 and a one year high of $0.73.

Globalstar (NASDAQ:GSAT) last released its earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company 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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