Loral Space & Communications Ltd. (LORL) Upgraded at BidaskClub

BidaskClub upgraded shares of Loral Space & Communications Ltd. (NASDAQ:LORL) from a strong sell rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

Separately, ValuEngine lowered shares of Loral Space & Communications Ltd. from a buy rating to a hold rating in a research note on Tuesday, January 15th.

LORL stock opened at $37.19 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 64.92 and a current ratio of 64.92. Loral Space & Communications Ltd. has a 1-year low of $34.06 and a 1-year high of $48.09.

A number of hedge funds have recently added to or reduced their stakes in the business. Federated Investors Inc. PA grew its position in shares of Loral Space & Communications Ltd. by 58.2% during the first quarter. Federated Investors Inc. PA now owns 750 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 276 shares during the last quarter. Royce & Associates LP grew its position in shares of Loral Space & Communications Ltd. by 53.2% during the first quarter. Royce & Associates LP now owns 829 shares of the communications equipment provider’s stock worth $30,000 after acquiring an additional 288 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Loral Space & Communications Ltd. by 3,555.3% during the first quarter. Quadrant Capital Group LLC now owns 1,389 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 1,351 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new position in shares of Loral Space & Communications Ltd. during the fourth quarter worth about $108,000. Finally, Bank of Montreal Can grew its position in shares of Loral Space & Communications Ltd. by 132.6% during the fourth quarter. Bank of Montreal Can now owns 4,062 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 2,316 shares during the last quarter. Hedge funds and other institutional investors own 67.01% of the company’s stock.

About Loral Space & Communications Ltd.

Loral Space & Communications Inc, a satellite communications company, offers satellite-based communications services to the broadcast, telecom, corporate, and government customers worldwide. As of December 31, 2018, the company provided satellite services to its customers through a fleet of 17 in-orbit geostationary satellites; and owned the Canadian Ka-band payload on the ViaSat-1 satellite.

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