Globalstar (NYSEAMERICAN:GSAT) Stock Price Expected to Rise, B. Riley Analyst Says

Globalstar (NYSEAMERICAN:GSAT) had its target price increased by B. Riley from $4.00 to $60.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Globalstar Stock Up 3.2 %

Globalstar stock opened at $23.01 on Wednesday. Globalstar has a 12-month low of $15.00 and a 12-month high of $41.10. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -51.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite 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 usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.