Globalstar, Inc. (GSAT) Posts Q2 GAAP Loss of 48c/Share

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Go back to Globalstar, Inc. (GSAT) Posts Q2 GAAP Loss of 48c/Share

Globalstar (GSAT) Buy Rating Reiterated at Chardan Capital (Earlier)

August 12, 2014 12:58 PM EDT

Chardan Capital Markets maintained a Buy rating on Globalstar (NYSE: GSAT) with a price target of $6. Comments follow Q2 results. Analyst James McILree noted operational results were not central to his investment thesis.

"The companys efforts to engage potential partners for a TLPS service continues. Until the FCC issues a final report and order, which we expect in Q4, we think there were be little... More