Globalstar (NASDAQ:GSAT) Stock Rating Upgraded by BidaskClub

Globalstar (NASDAQ:GSAT) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.

NASDAQ GSAT opened at $0.34 on Friday. The firm’s 50-day moving average is $0.34 and its two-hundred day moving average is $0.33. Globalstar has a 12 month low of $0.23 and a 12 month high of $0.60.

Globalstar (NASDAQ:GSAT) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The company had revenue of $30.36 million during the quarter.

Globalstar Company Profile

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.

Further Reading: Black Swan

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