Telesat Corporation (TSA.TO) – What Are Researchers Thinking About This Stock?

Shares of Telesat Corporation (TSE:TSA) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company.

Several equities analysts have recently weighed in on the stock. Scotiabank raised shares of Telesat to a “hold” rating in a research note on Monday, July 13th. Stifel Nicolaus raised Telesat to a “strong-buy” rating in a research note on Wednesday, July 15th. Desjardins initiated coverage on shares of Telesat in a report on Tuesday. They issued a “moderate buy” rating on the stock. Canadian Imperial Bank of Commerce upgraded shares of Telesat to a “strong-buy” rating in a research note on Sunday, October 25th. Finally, Royal Bank Of Canada raised Telesat to a “moderate buy” rating in a report on Thursday, August 27th.

Telesat Stock 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.