Iridium Communications shares rose 5.4% in recent Monday trading after Deutsche Bank upgraded the company s stock to buy from hold with a price target of $57.
Trading volume topped 298,000 shares.
Iridium Communications shares fell more than 12% in recent trading after it reported a Q2 net loss Tuesday of $0.24 per diluted share, swinging from per-share earnings of $0.04 a year.
The US Department of State has approved a potential USD3.5 billion Foreign Military Sale (FMS) to Australia of 29 Boeing AH-64E Apache Guardian attack helicopters along with related equipment and services. The US Defense Security Cooperation.