Telesat (NASDAQ:TSAT) Stock Breaks Below 200-Day Moving Average – Here’s Why

Telesat Corporation (NASDAQ:TSAT) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $42.62 and traded as low as $40.31. Telesat shares last traded at $42.52, with a volume of 194,629 shares trading hands.

Telesat News Summary

Here are the key news stories impacting Telesat this week:

• Positive Sentiment: Quarterly results exceeded expectations. Telesat reported earnings of C$1.00 per share, compared with consensus estimates for a loss of roughly C$0.69–C$0.72 per share. Revenue was approximately C$80.6 million, above FactSet’s C$77.1 million forecast, while reported U.S.-dollar revenue was $56.63 million versus a $54.13 million estimate. Telesat Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Analyst support provided a counterpoint. ATB Cormark Capital Markets initiated or reiterated a “Buy” view on TSAT, potentially signaling confidence in Telesat’s long-term satellite-network opportunity and business prospects. Telesat Gets a Buy from ATB Cormark Capital Markets
• Neutral Sentiment: Management’s earnings call may be more important than the headline beat. Investors are focused on operating execution, satellite-network development and the company’s financing plans, since the unusually large earnings beat may not fully reflect recurring operating performance. Telesat Q3 2026 Earnings Call Transcript
• Negative Sentiment: Underlying profitability remains weak. Reports said Telesat’s third-quarter net loss widened, despite the EPS beat. The company continues to show a deeply negative net margin, increasing concern that the earnings result may have been affected by nonrecurring items rather than stronger core operations. Telesat Q3 Net Loss Widens
• Negative Sentiment: Debt repayment and liquidity are the central risks. Telesat is evaluating alternatives ahead of a December deadline to repay debt. With a very low current ratio and substantial financing needs, uncertainty over refinancing, asset sales or other funding measures likely outweighed the quarterly revenue and EPS beat. Telesat Evaluates Alternatives as Debt Deadline Looms

Wall Street Analyst Weigh In

TSAT has been the subject of a number of recent research reports. Scotiabank assumed coverage on shares of Telesat in a research report on Monday, July 13th. They issued a “hold” rating for the company. Canadian Imperial Bank of Commerce initiated coverage on shares of Telesat in a research report on Sunday, October 25th. They set a “sector outperform” rating on the stock. Stifel Nicolaus initiated coverage on shares of Telesat in a research note on Thursday, July 16th. They set a “buy” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telesat in a report on Monday, September 14th. Finally, Wall Street Zen raised shares of Telesat from a “strong sell” rating to a “sell” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Telesat Stock Down 5.7%

The firm’s fifty day simple moving average is $45.62 and its two-hundred day simple moving average is $42.65. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $610.13 million, a price-to-earnings ratio of -2.18 and a beta of 2.11.

Telesat (NASDAQ:TSAT) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($7.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($7.14). The business had revenue of $57.30 million for the quarter, compared to analyst estimates of $56.11 million. Telesat had a negative return on equity of 13.68% and a negative net margin of 112.44%. Sell-side analysts anticipate that Telesat Corporation will post -11.93 EPS for the current year.

Institutional Trading of Telesat

Several hedge funds have recently added to or reduced their stakes in TSAT. State of Alaska Department of Revenue acquired a new position in Telesat in the third quarter valued at $34,000. Allied Private Wealth LLC purchased a new position in shares of Telesat during the second quarter worth about $51,000. Royal Bank of Canada grew its holdings in shares of Telesat by 100.2% during the first quarter. Royal Bank of Canada now owns 5,850 shares of the company’s stock worth $212,000 after buying an additional 2,928 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Telesat in the 2nd quarter valued at about $591,000. Finally, Militia Capital Management LLC acquired a new position in Telesat in the 1st quarter valued at about $560,000.

About Telesat

Telesat is a Canadian satellite communications operator that provides connectivity and related services to telecommunications companies, broadcasters, governments, enterprises and other organizations worldwide. The company operates a fleet of geostationary satellites and delivers satellite capacity for broadband communications, video distribution, enterprise networking, mobility and government applications.

In addition to its geostationary satellite services, Telesat is developing Telesat Lightspeed, a planned low Earth orbit satellite network designed to provide high-speed, low-latency broadband connectivity.