Loral Space & Communications Ltd. (LORL) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Loral Space & Communications Ltd. (NASDAQ:LORL) from a hold rating to a buy rating in a report released on Tuesday morning.

Separately, BidaskClub upgraded Loral Space & Communications Ltd. from a hold rating to a buy rating in a report on Friday, October 5th.

LORL stock opened at $45.00 on Tuesday. Loral Space & Communications Ltd. has a 52 week low of $36.85 and a 52 week high of $49.10.

Loral Space & Communications Ltd. (NASDAQ:LORL) last released its quarterly earnings data on Wednesday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter.

Hedge funds have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. acquired a new stake in Loral Space & Communications Ltd. in the 2nd quarter valued at $207,000. Prudential Financial Inc. acquired a new stake in Loral Space & Communications Ltd. in the 3rd quarter valued at $209,000. PEAK6 Investments L.P. acquired a new stake in Loral Space & Communications Ltd. in the 2nd quarter valued at $267,000. UBS Group AG increased its holdings in 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 valued at $321,000 after purchasing an additional 1,315 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Loral Space & Communications Ltd. by 15.4% in the 2nd quarter. California Public Employees Retirement System now owns 13,844 shares of the communications equipment provider’s stock valued at $521,000 after purchasing an additional 1,844 shares in the last quarter. Institutional investors and hedge funds own 66.71% of the company’s stock.

Loral Space & Communications Ltd. Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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