Globalstar, Inc. (NYSEMKT:GSAT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Shares of Globalstar (NYSEMKT GSAT) traded down 2.88% during trading on Friday, reaching $2.02. The company’s stock had a trading volume of 7,121,978 shares. Globalstar has a 52-week low of $0.73 and a 52-week high of $2.59. The stock has a 50-day moving average of $2.16 and a 200-day moving average of $1.71. The stock’s market cap is $2.26 billion.

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About Globalstar

Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.

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