Telesat (NASDAQ:TSAT) Shares Down 5.5% – What’s Next?

Posted by George Bondi on Jul 11th, 2026

Telesat Corporation (NASDAQ:TSAT – Get Free Report)’s share price fell 5.5% during mid-day trading on Thursday . The company traded as low as $42.94 and last traded at $42.6210. Approximately 38,518 shares were traded during trading, a decline of 82% from the average session volume of 215,538 shares. The stock had previously closed at $45.08.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSAT shares. New Street Research initiated coverage on shares of Telesat in a report on Wednesday, May 13th. They set a “sell” rating and a $30.00 price objective on the stock. Wall Street Zen lowered shares of Telesat from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Telesat in a report on Thursday, June 18th. Zacks Research downgraded Telesat from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Telesat from $19.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $33.50.

Check Out Our Latest Stock Report on Telesat

Telesat Stock Performance

The company’s 50-day moving average is $48.80 and its two-hundred day moving average is $39.79. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.77. The company has a market cap of $613.63 million, a P/E ratio of -4.58 and a beta of 2.03.

Telesat (NASDAQ:TSAT – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $62.62 million during the quarter, compared to the consensus estimate of $62.03 million. Equities analysts predict that Telesat Corporation will post -3.73 EPS for the current year.

Hedge Funds Weigh In On Telesat

Institutional investors and hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC purchased a new stake in Telesat in the second quarter worth $51,000. Militia Capital Management LLC bought a new stake in shares of Telesat in the first quarter valued at $560,000. Bank of America Corp DE lifted its position in shares of Telesat by 72.5% during the 1st quarter. Bank of America Corp DE now owns 34,794 shares of the company’s stock valued at $1,260,000 after buying an additional 14,626 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Telesat by 100.2% during the 1st quarter. Royal Bank of Canada now owns 5,850 shares of the company’s stock valued at $212,000 after buying an additional 2,928 shares during the last quarter. Finally, Senvest Management LLC grew its stake in shares of Telesat by 2.2% during the 1st quarter. Senvest Management LLC now owns 137,668 shares of the company’s stock worth $4,984,000 after acquiring an additional 3,000 shares during the period.

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.