Telesat (NASDAQ:TSAT) Trading 9.5% Higher – What’s Next?

Posted by Francis Steltz on Jun 11th, 2026

Telesat Corporation (NASDAQ:TSAT – Get Free Report)’s stock price shot up 9.5% during mid-day trading on Thursday . The company traded as high as $47.79 and last traded at $48.0460. 159,917 shares were traded during trading, a decline of 24% from the average session volume of 210,552 shares. The stock had previously closed at $43.89.

Analysts Set New Price Targets

Several research analysts have issued reports on TSAT shares. New Street Research initiated coverage on shares of Telesat in a research report on Wednesday, May 13th. They issued a “sell” rating and a $30.00 price target on the stock. Wall Street Zen lowered Telesat from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 25th. Zacks Research lowered Telesat from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Telesat from $19.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, March 19th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $33.50.

View Our Latest Stock Report on TSAT

Telesat Trading Up 13.1%

The firm has a market capitalization of $736.69 million, a price-to-earnings ratio of -5.51 and a beta of 2.01. The company has a fifty day moving average price of $48.71 and a 200-day moving average price of $37.19. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77.

Telesat (NASDAQ:TSAT – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($2.21) EPS for the quarter, missing the consensus estimate of ($0.67) by ($1.54). Telesat had a negative return on equity of 4.02% and a negative net margin of 47.57%.The business had revenue of $62.59 million during the quarter, compared to the consensus estimate of $62.03 million. On average, equities research analysts predict that Telesat Corporation will post -3.73 EPS for the current year.

Hedge Funds Weigh In On Telesat

Several institutional investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. increased its holdings in shares of Telesat by 307.3% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 409,753 shares of the company’s stock valued at $10,512,000 after acquiring an additional 309,153 shares during the last quarter. Senvest Management LLC lifted its stake in shares of Telesat by 261.5% in the fourth quarter. Senvest Management LLC now owns 134,668 shares of the company’s stock worth $3,919,000 after buying an additional 97,411 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Telesat by 245.4% in the fourth quarter. Millennium Management LLC now owns 128,472 shares of the company’s stock worth $3,739,000 after buying an additional 91,272 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Telesat by 40.0% during the 3rd quarter. Vestcor Inc now owns 175,000 shares of the company’s stock worth $4,638,000 after buying an additional 50,000 shares during the period. Finally, Polar Asset Management Partners Inc. grew its stake in Telesat by 83.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 105,225 shares of the company’s stock valued at $2,779,000 after buying an additional 47,725 shares during the last quarter.

About Telesat

(Get Free Report)

Telesat is a leading global satellite operator that designs, builds and delivers high-performance satellite communications solutions across multiple markets. The company operates a fleet of geostationary satellites to provide video distribution, data networking and managed broadband services to media companies, network operators, governments and enterprise customers. Telesat’s infrastructure supports television distribution, cellular backhaul, rural broadband and corporate network applications.

In addition to its geostationary offerings, Telesat is developing a low Earth orbit (LEO) satellite constellation known as Lightspeed.