Media coverage about Loral Space and Communications (NASDAQ:LORL) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Loral Space and Communications earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.8069093472905 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Loral Space and Communications (LORL) traded down 0.39% during mid-day trading on Wednesday, reaching $50.75. The company had a trading volume of 121,392 shares. The firm’s 50 day moving average price is $46.55 and its 200-day moving average price is $42.50. Loral Space and Communications has a 12 month low of $35.55 and a 12 month high of $51.75. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 29.34 and a beta of 1.19.
Separately, BidaskClub raised Loral Space and Communications from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th.
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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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