Globalstar (NYSE:GSAT) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Globalstar (NYSE:GSATGet Rating) from a sell rating to a hold rating in a research report released on Wednesday morning.

Shares of GSAT traded down $0.01 during mid-day trading on Wednesday, reaching $1.02. The company’s stock had a trading volume of 20,709 shares, compared to its average volume of 5,545,776. Globalstar has a 12-month low of $0.90 and a 12-month high of $2.78. The company has a market cap of $1.84 billion, a P/E ratio of -20.40 and a beta of 0.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.12.

Globalstar Company Profile (Get Rating)

Globalstar, Inc provides mobile satellite 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 usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.

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