Telesat (TSE:TSA) Upgraded to Strong Sell at New Street Research

New Street Research upgraded shares of Telesat (TSE:TSA) to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

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.