BidaskClub downgraded shares of Loral Space & Communications Ltd. (NASDAQ:LORL) from a sell rating to a strong sell rating in a research note released on Wednesday.

Separately, ValuEngine lowered shares of Loral Space & Communications Ltd. from a buy rating to a hold rating in a report on Tuesday, January 15th.

Shares of NASDAQ LORL opened at $38.04 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 59.62 and a current ratio of 64.92. Loral Space & Communications Ltd. has a one year low of $34.06 and a one year high of $48.09.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in Loral Space & Communications Ltd. in the third quarter valued at $668,000. Prudential Financial Inc. acquired a new stake in Loral Space & Communications Ltd. in the third quarter valued at $209,000. BlackRock Inc. lifted its holdings in Loral Space & Communications Ltd. by 5.7% in the third quarter. BlackRock Inc. now owns 877,576 shares of the communications equipment provider’s stock valued at $39,841,000 after acquiring an additional 47,581 shares during the period. Allianz Asset Management GmbH acquired a new stake in Loral Space & Communications Ltd. in the third quarter valued at $447,000. Finally, MetLife Investment Advisors LLC lifted its holdings in Loral Space & Communications Ltd. by 47.8% in the third quarter. MetLife Investment Advisors LLC now owns 9,855 shares of the communications equipment provider’s stock valued at $447,000 after acquiring an additional 3,186 shares during the period. 66.19% of the stock is currently owned by institutional investors.

Loral Space & Communications Ltd. Company Profile

Loral Space & Communications Inc, a satellite communications company, provides satellite-based communications services to broadcast, telecom, corporate, and government customers worldwide. As of 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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