MDA Space (NYSE:MDA) Upgraded at Zacks Research

MDA Space (NYSE:MDA – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts also recently issued reports on MDA. JPMorgan Chase & Co. boosted their price objective on shares of MDA Space from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce began coverage on shares of MDA Space in a research note on Wednesday, May 13th. They issued an “outperform” rating for the company. Jefferies Financial Group raised MDA Space to a “strong-buy” rating in a research report on Wednesday. ATB Cormark Capital Markets lowered MDA Space from a “moderate buy” rating to a “hold” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada upped their price target on MDA Space from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, MDA Space presently has an average rating of “Moderate Buy” and an average target price of $50.67.

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MDA Space Trading Down 8.7%

Shares of MDA stock opened at $37.28 on Thursday. MDA Space has a 12 month low of $23.23 and a 12 month high of $49.37. The firm has a market capitalization of $5.17 billion and a price-to-earnings ratio of 133.14. The stock’s 50 day simple moving average is $37.07.

MDA Space (NYSE:MDA – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05.

About MDA Space

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MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.

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