LORL - Loral Space & Communications Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
33.09
-0.08 (-0.24%)
At close: 4:00PM EST
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Previous Close33.17
Open33.14
Bid33.17 x 800
Ask33.20 x 900
Day's Range32.78 - 33.19
52 Week Range30.45 - 42.77
Volume35,598
Avg. Volume56,937
Market Cap1.024B
Beta (5Y Monthly)0.91
PE Ratio (TTM)24.77
EPS (TTM)1.34
Earnings DateMar 15, 2020 - Mar 19, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 04, 2012
1y Target Est89.00
  • What You Must Know About Loral Space & Communications Inc.'s (NASDAQ:LORL) Beta Value
    Simply Wall St.

    What You Must Know About Loral Space & Communications Inc.'s (NASDAQ:LORL) Beta Value

    If you own shares in Loral Space & Communications Inc. (NASDAQ:LORL) then it's worth thinking about how it contributes...

  • GlobeNewswire

    Andrew Browne Joins Telesat as Chief Financial Officer

    Telesat announced today that Andrew Browne, one of the industry’s most experienced executives, has been appointed the company’s Chief Financial Officer (CFO). Reporting to President and CEO, Dan Goldberg, Andrew will serve on Telesat’s Executive Management Team and be based in the company’s headquarters in Ottawa. Mr. Browne has had a long and distinguished career in the satellite industry.

  • Is Loral Space & Communications Inc. (LORL) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Loral Space & Communications Inc. (LORL) Going To Burn These Hedge Funds ?

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • GlobeNewswire

    Telesat Canada Announces Closing of Its Secured Notes Offering and Credit Facility Refinancing Transaction

    On Friday, December 6, 2019, Telesat Canada (“Telesat”) issued US$400 million in aggregate principal amount of 4.875% senior secured notes due 2027 (the “Senior Secured Notes”), which will mature on June 1, 2027, pursuant to an indenture, dated as of December 6, 2019, by and among Telesat and Telesat LLC, as co-issuer, the guarantors named therein, and The Bank of New York Mellon, as trustee and notes collateral agent and the other collateral agents party thereto (the “Notes Offering”). Concurrently with the consummation of the offering of Senior Secured Notes, Telesat announced its entry into an amendment to its senior secured credit agreement. The amended credit agreement provides for a new term loan facility of US$1.909 billion and a new revolving credit facility with commitments ofUS$200 million (together, the “Senior Credit Facilities”), which replaced the existing term loan and revolving facilities.

  • GlobeNewswire

    Telesat Canada Announces Pricing of Notes Offering and Sizing of Senior Secured Credit Facilities

    Telesat Canada (“Telesat”) today announced the pricing of an offering of US$400 million aggregate principal amount of 4.875% senior secured notes due 2027 (the “Senior Secured Notes”) by Telesat and Telesat LLC.  This represents a US$100 million decrease from the proposed offering size previously announced by Telesat, which is expected to be reallocated to the amended Term B Loan facility referred to below. The Senior Secured Notes will be secured by a first priority lien on the collateral that secures the Existing Credit Agreement (as defined below). The Senior Secured Notes are expected to be issued on or around December 6, 2019, subject to customary closing conditions.

  • Barrons.com

    Intelsat Tumbles Again After the FCC Chairman Backs a Public Auction for 5G Spectrum

    A key federal regulator is pushing back on the satellite industry’s plan to auction wireless spectrum for 5G networks.

  • FCC chief backs public auction for 5G spectrum, sending satellite stocks reeling again
    MarketWatch

    FCC chief backs public auction for 5G spectrum, sending satellite stocks reeling again

    The head of the Federal Communications Commission on Monday sided with some vocal lawmakers and disappointed three satellite companies, as he said that he supports a public auction of radio spectrum rather than the companies’ plan.

  • Moody's

    Telesat Canada -- Moody's affirms Telesat's B1 CFR; assigns Ba3 ratings to new debt

    Moody's Investor's Service ("Moody's") affirmed Telesat Canada's ("Telesat") B1 corporate family rating (CFR), B1-PD probability of default rating and B3 rating on its $550 million senior unsecured notes, and assigned Ba3 ratings to the company's proposed $200 million senior secured revolving credit facility, $1.8 billion senior secured term loan B and $500 million senior secured notes, with Telesat LLC as a co-issuer. The company plans to use the proceeds from the new notes and term loan to repay the amount outstanding under its existing senior secured term loan B. The Ba3 ratings on its existing senior secured term loan B and senior secured revolving credit facility will be withdrawn when the refinance transaction closes.

  • GlobeNewswire

    Telesat Canada Announces Proposed Amendment to Existing Credit Agreement and Proposed Secured Notes Offering

    Telesat Canada (“Telesat”) today announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers (the “Borrowers”), the guarantors party thereto, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the secured parties and the other financial institutions party thereto (such agreement, as amended prior to the date hereof, the “Existing Credit Agreement”). The proposed amendment would extend the maturity of the Term Loan B facility and the Revolving facility under the Existing Credit Agreement, as well as make certain other amendments. As of September 30, 2019, the Borrowers had approximately US$2.308 billion outstanding under the Term Loan B facility and up to US$200 million available under the Revolving facility.

  • Barrons.com

    Intelsat Stock Rebounds After Satellite Firms File Plan for Spectrum Auction

    The stock had been cut in half amid concern that a plan to sell radio spectrum for use in 5G networks could be delayed for years.

  • Barrons.com

    Intelsat Stock Slides Another 15% on Doubts Over 5G Spectrum Auction

    The sharp slide in Intelsat shares continued on Thursday, as concerns grow about the proposed auction of C-Band radio spectrum by an alliance of satellite communications companies for use by telcos building out 5G networks. The companies in the C-Band Alliance (CBA)— (I) (ticker: I) and SES (SGBAF), both based in Luxembourg, and Telesat, a Canadian firm majority-owned by (LORL) (LORL)—have proposed a private auction that would provide access to the spectrum to carriers building out 5G networks. The Federal Communications Commission is expected to take up the proposal as soon as its December meeting.

  • GlobeNewswire

    Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2019

    OTTAWA, Nov. 05, 2019 -- Telesat today announced its financial results for the three and nine-month periods ended September 30, 2019. All amounts are in Canadian dollars and.

  • GlobeNewswire

    Third Quarter 2019 Conference Call

    OTTAWA, Oct. 29, 2019 -- Telesat has scheduled a conference call on Tuesday, November 5, 2019, at 10:30 a.m. ET to discuss its financial results for the three and nine month.

  • Did Hedge Funds Drop The Ball On Loral Space & Communications Inc. (LORL) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Loral Space & Communications Inc. (LORL) ?

    Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

  • GlobeNewswire

    Telesat Canada Announces Closing of its Notes Offering

    Telesat Canada (“Telesat”) today issued US$550 million in aggregate principal amount of 6.500% senior notes due 2027 (the “Senior Notes”), which will mature on October 15, 2027, pursuant to an indenture, dated as of October 11, 2019, by and among Telesat and Telesat LLC, as co-issuer, the guarantors named therein, and The Bank of New York Mellon, as trustee (the “Notes Offering”). The Senior Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act.  The Senior Notes were not, and will not be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or other applicable securities laws.

  • GlobeNewswire

    Telesat Canada Announces Pricing and Upsizing of Notes Offering

    Telesat Canada (“Telesat”) today announced the pricing of an offering of US$550 million aggregate principal amount of 6.500% senior notes due 2027 (the “Senior Notes”) by Telesat and Telesat LLC (together with Telesat, the “Issuers”).  This represents a US$50 million increase from the proposed offering size previously announced by Telesat.  The Senior Notes are being issued at par.  The Senior Notes are expected to be issued on or around October 11, 2019, subject to customary closing conditions. Telesat intends to use the net proceeds from the proposed offering of Senior Notes, together with cash on hand, to redeem its US$500 million aggregate principal amount outstanding of 8.875% senior notes due November 17, 2024 and pay related premium, fees and expenses.

  • Moody's

    Telesat Canada -- Moody's assigns B3 rating to Telesat Canada's senior unsecured notes

    Moody's Investor's Service ("Moody's") assigned a B3 rating to Telesat Canada's ("Telesat") proposed $500 million senior unsecured notes issuance due in 2027, with Telesat LLC as a co-issuer. The company's B1 corporate family rating ("CFR"), B1-PD probability of default rating, Ba3 ratings on its senior secured term loan B and senior secured revolving credit facility, SGL-2 speculative grade liquidity rating, and stable outlook remain unchanged. The company plans to use the proceeds from the new notes to repay the existing $500 million senior unsecured notes due in 2024.

  • GlobeNewswire

    Telesat Canada Announces Proposed Notes Offering

    Telesat Canada (“Telesat”) today announced that, together with Telesat LLC, as co-issuer, it intends to issue US$500 million of senior notes due 2027 (the “Senior Notes”). Telesat intends to use the net proceeds from the proposed offering of Senior Notes, together with cash on hand, to redeem its US$500 million aggregate principal amount outstanding of 8.875% senior notes due November 17, 2024 and pay related fees and expenses. The Senior Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act.

  • Loral Space & Communications Inc (LORL) Q2 2019 Earnings Call Transcript
    Motley Fool

    Loral Space & Communications Inc (LORL) Q2 2019 Earnings Call Transcript

    LORL earnings call for the period ending June 30, 2019.

  • Canada invests C$85 million in satellite company to narrow broadband gap for remote areas
    Reuters

    Canada invests C$85 million in satellite company to narrow broadband gap for remote areas

    The Canadian government said on Wednesday it is investing C$85 million ($64.70 million) in an Ottawa-based satellite company as part of an effort to provide better broadband internet access to rural and remote communities. Innovation, Science and Economic Development Minister Navdeep Bains said the funding would be used by Telesat to build and test technologies that use low-earth-orbit (LEO) satellites to boost connectivity. "This new, space-based system will provide a dramatic and disruptive improvement over existing satellites," Telesat Chief Executive Officer Dan Goldberg said, adding that the technology will be affordable and reliable.

  • Reuters

    UPDATE 1-Canada invests C$85 mln in satellite company to narrow broadband gap for remote areas

    The Canadian government said on Wednesday it is investing C$85 million ($64.70 million) in an Ottawa-based satellite company as part of an effort to provide better broadband internet access to rural and remote communities. Innovation, Science and Economic Development Minister Navdeep Bains said the funding would be used by Telesat to build and test technologies that use low-earth-orbit (LEO) satellites to boost connectivity. LEO satellites operate 36 times closer to the earth than traditional telecommunications satellites.

  • GlobeNewswire

    The Government of Canada and Telesat Partner to Bridge Canada’s Digital Divide through Low Earth Orbit (LEO) Satellite Technology, Over $1 Billion in Revenue for Telesat expected

    Telesat and the Government of Canada have partnered to ensure access to affordable high-speed Internet connectivity across rural and remote areas of Canada through the development of Telesat’s LEO Satellite Constellation. The partnership is expected to generate $1.2 billion (CAD) in revenue for Telesat over 10 years, which includes a contribution of up to $600M (CAD) from the Government of Canada, supporting the company’s mission of deploying a transformational communications architecture that delivers affordable, high-speed broadband services across Canada and the rest of the world.

  • Did Loral Space & Communications Inc. (NASDAQ:LORL) Insiders Buy Up More Shares?
    Simply Wall St.

    Did Loral Space & Communications Inc. (NASDAQ:LORL) Insiders Buy Up More Shares?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...