Globalstar, Inc. (NYSEMKT:GSAT) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Monday.

Shares of Globalstar (GSAT) traded down 2.20% during midday trading on Monday, reaching $1.78. 1,889,522 shares of the company’s stock were exchanged. Globalstar has a 12-month low of $0.73 and a 12-month high of $2.59. The company’s market cap is $2.06 billion. The stock’s 50 day moving average price is $1.91 and its 200 day moving average price is $1.92.

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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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