Somewhat Positive Media Coverage Somewhat Unlikely to Affect Loral Space and Communications (LORL) Stock Price
News headlines about Loral Space and Communications (NASDAQ:LORL) have trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Loral Space and Communications earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.5677650888371 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Liquid Telecom teams with VT iDirect and Telesat to deliver enhanced services to businesses in Africa (pressreleasepoint.com)
- FCC Grants U.S. Market Access to Telesat for Its Global, Low Earth Orbit (LEO) Satellite Constellation (spaceref.com)
- FCC Grants U.S. Market Access to Telesat for Its Global, Low Earth Orbit (LEO) Satellite Constellation – Start of Telesat LEO Service Planned for 2021 (finance.yahoo.com)
- Sat Space Africa Contracts for Additional Telesat Capacity (spaceref.com)
Separately, BidaskClub upgraded shares of Loral Space and Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th.
Loral Space and Communications (NASDAQ LORL) opened at $45.50 on Friday. Loral Space and Communications has a 12-month low of $36.80 and a 12-month high of $51.75. The stock has a market cap of $988.32, a P/E ratio of 28.42 and a beta of 1.25.
About Loral Space and Communications
Loral Space & Communications Inc is a satellite communications company. The Company, through its ownership interests in affiliates, is engaged in satellite-based communications services. The Company participates in satellite services operations through its interest in Telesat Holdings Inc, which owns Telesat Canada (Telesat), a global fixed satellite services (FSS) operator, with offices and facilities around the world.
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