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Globalstar, Inc. (GSAT) [hlAlert]

Rating:
Strong Buy
GSAT
up 30.00 %

Globalstar, Inc. (GSAT) rated Strong Buy with price target $3.04 by Midtown Partners

Posted on: Wednesday,  Oct 2, 2013  8:25 AM ET by Midtown Partners

Midtown Partners rated Strong Buy Globalstar, Inc. (AMEX: GSAT) on 10/02/2013, when the stock price was $1.20.
Since then, Globalstar, Inc. has gained 30.00% as of 08/27/2015's recent price of $1.56.
If you would have followed this Midtown Partners's recommendation on GSAT, you would have gained 30% of your investment in 694 days.

Globalstar, Inc. is a provider of mobile voice and data communications services via satellite. Using, at any given time, approximately 48 in-orbit satellites and 26 ground stations, which the Company refers to as gateways, it offers voice and data communications services in over 120 countries. Unaffiliated companies, which the Company refers to as independent gateway operators and which purchase communications services from the Company on a wholesale basis for resale to their customers, operate 13 of these gateways. The Company?s telecommunications services include two-way voice communication between mobile or fixed handsets or user terminals and other mobile and fixed devices; two-way data transmissions between mobile and fixed data modems, and one-way data transmissions between a mobile or fixed device that transmits its location or other telemetry information and a central monitoring station. On March 25, 2008, the Company completed its acquisition of Globalstar do Brazil.

Midtown Partners
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/2/2013 8:25 AM Buy
None
1.20 3.04
as of 12/13/2013
1 Week up  13.21 %
1 Month up  15.88 %
3 Months up  64.16 %
1 YTD up  64.16 %

(*) Stock Price at the time of the recommendation.
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