Telesat Corporation (NASDAQ:TSAT) Given Consensus Recommendation of “Reduce” by Brokerages

Posted by Brenda Bartman on Jul 20th, 2026

Shares of Telesat Corporation (NASDAQ:TSAT – Get Free Report) have earned a consensus rating of “Reduce” from the six research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $33.50.

Several analysts have recently issued reports on TSAT shares. Scotiabank initiated coverage on shares of Telesat in a research note on Monday, July 13th. They set a “hold” rating for the company. Stifel Nicolaus began coverage on Telesat in a research report on Thursday. They issued a “buy” rating on the stock. Wall Street Zen downgraded Telesat from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Telesat in a research note on Thursday, June 18th. Finally, Zacks Research downgraded Telesat from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th.

Check Out Our Latest Research Report on TSAT

Institutional Trading of Telesat

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. lifted its holdings in shares of Telesat by 83.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 105,225 shares of the company’s stock valued at $2,779,000 after acquiring an additional 47,725 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Telesat by 2.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,831,693 shares of the company’s stock valued at $53,302,000 after purchasing an additional 44,785 shares in the last quarter. K.J. Harrison & Partners Inc raised its position in Telesat by 20.7% in the fourth quarter. K.J. Harrison & Partners Inc now owns 70,000 shares of the company’s stock valued at $2,021,000 after purchasing an additional 12,000 shares during the period. Vestcor Inc raised its position in Telesat by 14.3% in the fourth quarter. Vestcor Inc now owns 200,000 shares of the company’s stock valued at $5,820,000 after purchasing an additional 25,000 shares during the period. Finally, Militia Capital Management LLC acquired a new position in shares of Telesat during the first quarter worth about $560,000.

Telesat Price Performance

TSAT stock opened at $36.38 on Monday. Telesat has a 52-week low of $19.59 and a 52-week high of $59.12. The stock’s fifty day simple moving average is $47.51 and its 200-day simple moving average is $40.13. 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 stock has a market capitalization of $539.88 million, a price-to-earnings ratio of -4.03 and a beta of 2.03.

Telesat (NASDAQ:TSAT – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($2.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($1.54). Telesat had a negative net margin of 47.57% and a negative return on equity of 4.02%. The company had revenue of $62.62 million for the quarter, compared to analyst estimates of $62.03 million. Equities research analysts expect that Telesat will post -4.01 EPS for the current year.

Telesat Company Profile

(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.