B. Riley Issues Positive Forecast for Globalstar (NYSEAMERICAN:GSAT) Stock Price

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

Globalstar Price Performance

Shares of Globalstar stock opened at $23.01 on Wednesday. The firm has a market cap of $2.91 billion, a P/E ratio of -51.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. Globalstar has a 1 year low of $15.00 and a 1 year high of $41.10.

About Globalstar

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.