Loral Space & Communications Ltd. (NASDAQ:LORL) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.
Separately, ValuEngine lowered Loral Space & Communications Ltd. from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Get Loral Space & Communications Ltd. alerts:Loral Space & Communications Ltd. traded down $0.25, reaching $38.60, during trading hours on Tuesday, MarketBeat Ratings reports. 335 shares of the company were exchanged, compared to its average volume of 58,821. Loral Space & Communications Ltd. has a 12 month low of $36.85 and a 12 month high of $51.75.
Loral Space & Communications Ltd. (NASDAQ:LORL) last announced its earnings results on Thursday, May 10th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter.
Several hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its holdings in shares of Loral Space & Communications Ltd. by 6.4% during the first quarter. Gamco Investors INC. ET AL now owns 787,358 shares of the communications equipment provider’s stock worth $32,793,000 after buying an additional 47,149 shares during the last quarter. BlackRock Inc. raised its stake in shares of Loral Space & Communications Ltd. by 0.3% in the fourth quarter. BlackRock Inc. now owns 780,124 shares of the communications equipment provider’s stock valued at $34,365,000 after purchasing an additional 2,032 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Loral Space & Communications Ltd. by 4.5% in the first quarter. Gabelli Funds LLC now owns 674,232 shares of the communications equipment provider’s stock valued at $28,082,000 after purchasing an additional 29,255 shares in the last quarter. Northern Trust Corp raised its stake in shares of Loral Space & Communications Ltd. by 1.4% in the first quarter. Northern Trust Corp now owns 167,077 shares of the communications equipment provider’s stock valued at $6,959,000 after purchasing an additional 2,378 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Loral Space & Communications Ltd. by 2.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,668 shares of the communications equipment provider’s stock valued at $5,526,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors own 66.08% of the company’s stock.
About Loral Space & Communications Ltd.
Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2017, the company provided satellite services to its customers through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite.
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