Telesat (NASDAQ:TSAT) Shares Gap Up – What’s Next?

Posted by Stanley Muller on Aug 4th, 2026

Shares of Telesat Corporation (NASDAQ:TSAT – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $40.18, but opened at $44.00. Telesat shares last traded at $45.9120, with a volume of 151,214 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus started coverage on Telesat in a report on Thursday, July 16th. They set a “buy” rating for the company. Zacks Research cut Telesat from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Scotiabank initiated coverage on Telesat in a research note on Monday, July 13th. They set a “hold” rating for the company. Wall Street Zen lowered Telesat from a “sell” rating to a “strong sell” rating in a report on Saturday, April 25th. Finally, New Street Research initiated coverage on Telesat in a report on Wednesday, May 13th. They set a “sell” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $33.50.

Read Our Latest Research Report on TSAT

Telesat Stock Up 30.7%

The firm has a market cap of $779.25 million, a P/E ratio of -5.75 and a beta of 2.07. The firm’s fifty day moving average is $44.22 and its 200 day moving average is $40.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.25.

Telesat (NASDAQ:TSAT – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($2.21) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($1.54). The company had revenue of $62.62 million during the quarter, compared to the consensus estimate of $62.03 million. Telesat had a negative net margin of 47.57% and a negative return on equity of 4.02%. As a group, equities research analysts anticipate that Telesat Corporation will post -4.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telesat

Large investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. increased its position in Telesat by 307.3% during the third quarter. PenderFund Capital Management Ltd. now owns 409,753 shares of the company’s stock worth $10,512,000 after acquiring an additional 309,153 shares during the period. Senvest Management LLC boosted its holdings in Telesat by 261.5% in the 4th quarter. Senvest Management LLC now owns 134,668 shares of the company’s stock valued at $3,919,000 after purchasing an additional 97,411 shares during the period. Millennium Management LLC boosted its holdings in Telesat by 245.4% in the 4th quarter. Millennium Management LLC now owns 128,472 shares of the company’s stock valued at $3,739,000 after purchasing an additional 91,272 shares during the period. Polar Asset Management Partners Inc. grew its position 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 worth $2,779,000 after purchasing an additional 47,725 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Telesat by 2.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,831,693 shares of the company’s stock worth $53,302,000 after purchasing an additional 44,785 shares during the period.

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.