Scotiabank upgraded shares of Telesat (TSE:TSA – Free Report) to a hold rating in a research note issued to investors on Monday,Zacks.com reports.
Separately, New Street Research upgraded shares of Telesat to a “strong sell” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on TSA
Telesat Price Performance
Telesat is a Canadian satellite communications company that provides data, video, and connectivity services through its satellite infrastructure. The company serves a range of customers that include broadcasters, telecom operators, government agencies, and enterprise users that need reliable communications in remote or hard-to-reach locations.
Founded in 1969, Telesat has a long history in the satellite industry and is headquartered in Ottawa, Ontario. Its services are delivered to customers across Canada and internationally, supporting applications such as network backhaul, enterprise connectivity, and broadcast distribution.
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