Globalstar, Inc. (NYSEMKT:GSAT) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

Shares of Globalstar (NYSEMKT:GSAT) traded down 1.27% during mid-day trading on Thursday, reaching $1.55. The company had a trading volume of 3,233,631 shares. The firm’s market capitalization is $1.70 billion. The stock has a 50 day moving average price of $1.75 and a 200 day moving average price of $1.94. Globalstar has a 12-month low of $0.73 and a 12-month high of $2.59.

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Globalstar Company Profile

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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