AST SpaceMobile rises after Scotiabank upgrades  to 'sector perform'

Shares of space broadband network AST SpaceMobile rise 5.2% to $53.40

Scotiabank upgrades to "sector perform" from "sector underperform" rating; PT at $45.60

Brokerage believes a swift launch campaign of the BB2s would go a long way in restoring market confidence in ASTS' advanced satellite technology

Says ASTS’s larger satellites will deliver a true 5G mobile service directly to consumers’ phones

Five of 11 brokerages rate the stock "buy", five "hold" and one "sell"; median PT is $81 — data compiled by LSEG

As of last close, shares up ~143% YTD