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

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

A number of research firms have issued reports on TSA. Scotiabank raised Telesat to a “hold” rating in a report on Monday, July 13th. Desjardins started coverage on shares of Telesat in a research note on Tuesday. They issued a “moderate buy” rating for the company. Canadian Imperial Bank of Commerce raised shares of Telesat to a “strong-buy” rating in a report on Sunday, October 25th. Stifel Nicolaus raised shares of Telesat to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada upgraded Telesat to a “moderate buy” rating in a research note on Thursday, August 27th.

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.