LORL Space & Communications Ltd. (LORL) Rating Increased to hold at BidaskClub



Loral Space & Communications Ltd. (NASDAQ: LORL) BidaskClub investment analysts upgraded from a "sell" classification to a "hold" rating in a research report issued to customers and investors on Monday, August 6.

Apart from that, ValuEngine Loral Space & Communications Ltd. on Wednesday, May 2 reduced from a "buy" classification to a "hold" rating in a research note.

Shares of LORL shares opened on Monday at $ 41.40. Loral Space & Communications Ltd. has a 1-year low of $ 36.85 and a 1-year high of $ 51.75.

Several hedge funds and other institutional investors have recently added or reduced their stake in LORL. Bank of New York Mellon Corp increased its shareholding in Loral Space & Communications Ltd. in the 4th quarter with 14.6%. Bank of New York Mellon Corp now owns 105,238 shares in the share of communications equipment provider worth $ 4,637,000 after the purchase of 13,399 additional shares during the last quarter. BlackRock Inc. raised its shareholding in Loral Space & Communications Ltd. in the fourth quarter. by 0.3%. BlackRock Inc. now owns 780,124 shares in the share of communication equipment provider with a value of $ 34,365,000, after the purchase of 2,032 additional shares in the last quarter. Geode Capital Management LLC increased its shareholding in Loral Space & Communications Ltd. in the fourth quarter. by 1.1%. Geode Capital Management LLC now owns 120,508 shares in the share of the communication equipment provider with a value of 5,308,000 dollars after the purchase of 1,302 additional shares during the last quarter. Deutsche Bank AG increased its shareholding in Loral Space & Communications Ltd. in the fourth quarter. with 108.6%. Deutsche Bank AG now owns 28,576 shares in the share of communication equipment provider with a value of $ 1,257,000 after the purchase of 14,876 additional shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new interest in shares of Loral Space & Communications Ltd. during the 4th quarter, worth about $ 294,000. Institutional investors and hedge funds hold 69.03% of the company's shares.

Loral Space & Communications Ltd. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services for broadcast, telecom, business and government customers around the world. On 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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