BidaskClub upgraded shares of Globalstar, Inc. (NYSEMKT:GSAT) from a strong sell rating to a sell rating in a research report sent to investors on Monday.

Shares of Globalstar (NYSEMKT:GSAT) opened at 1.79 on Monday. The firm has a 50-day moving average price of $1.90 and a 200-day moving average price of $1.92. Globalstar has a 1-year low of $0.73 and a 1-year high of $2.59. The company’s market cap is $2.08 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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