Chardan Capital Markets is Waiting for TLPS Ruling for Globalstar, Inc.

In a report published Monday, Chardan Capital Markets analyst James McIlree reiterated a Buy rating and $6.00 price target on

. In the report, Chardan Capital Markets noted, "Globalstar is scheduled to release Q4 results today after the close followed by a 5PM Eastern conference call. For the quarter our revenue and adjusted EBITDA estimates are $24.1 million and $5.6 million respectively. We have duplex gross and net adds about equal to Q3 levels, 5,500 and 3,500 respectively, and ARPU of $38, which is down a bit from Q2 levels of $40.18. Net adds and ARPU for the rest of the company's service lines are similar to prior quarters as well." Globalstar, Inc. closed on Friday at $2.54.