Globalstar (GSAT) Downgraded to Neutral at Chardan Capital

Globalstar (NASDAQ:GSAT) was downgraded by equities researchers at Chardan Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite voice and data services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.

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