Loral Space and Communications (LORL) Receiving Somewhat Positive News Coverage, Report Finds
Media stories about Loral Space and Communications (NASDAQ:LORL) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Loral Space and Communications earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.3215444173801 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, BidaskClub raised Loral Space and Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th.
Shares of Loral Space and Communications (LORL) traded down 0.77% during mid-day trading on Friday, hitting $45.10. The company’s stock had a trading volume of 34,628 shares. The company has a 50-day moving average price of $43.83 and a 200-day moving average price of $40.58. Loral Space and Communications has a 1-year low of $34.61 and a 1-year high of $47.95. The stock has a market cap of $1.40 billion, a PE ratio of 26.25 and a beta of 1.16.
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About Loral Space and Communications
Loral Space & Communications Inc is a satellite communications company. The Company, through its ownership interests in affiliates, is engaged in satellite-based communications services. The Company participates in satellite services operations through its interest in Telesat Holdings Inc, which owns Telesat Canada (Telesat), a global fixed satellite services (FSS) operator, with offices and facilities around the world.
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