Loral Space & Communications Ltd. (LORL) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Loral Space & Communications Ltd. (NASDAQ:LORL) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Separately, ValuEngine upgraded Loral Space & Communications Ltd. from a hold rating to a buy rating in a report on Tuesday, November 6th.

NASDAQ LORL opened at $42.51 on Friday. Loral Space & Communications Ltd. has a twelve month low of $36.85 and a twelve month high of $48.80.

Institutional investors have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. purchased a new position in shares of Loral Space & Communications Ltd. in the 2nd quarter worth about $207,000. Prudential Financial Inc. purchased a new position in shares of Loral Space & Communications Ltd. in the 3rd quarter worth about $209,000. PEAK6 Investments L.P. purchased a new position in shares of Loral Space & Communications Ltd. in the 2nd quarter worth about $267,000. UBS Group AG raised its holdings in shares of Loral Space & Communications Ltd. by 20.6% in the 1st quarter. UBS Group AG now owns 7,701 shares of the communications equipment provider’s stock worth $321,000 after purchasing an additional 1,315 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in shares of Loral Space & Communications Ltd. in the 3rd quarter worth about $447,000. Institutional investors own 66.36% 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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