Telesat Corporation (NASDAQ:TSAT – Get Free Report) has been given a consensus rating of “Reduce” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $33.50.
A number of analysts have commented on the company. Stifel Nicolaus began coverage on Telesat in a report on Thursday, July 16th. They issued a “buy” rating for the company. Zacks Research cut Telesat from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Scotiabank started coverage on Telesat in a report on Monday, July 13th. They set a “hold” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telesat in a research report on Monday, September 14th. Finally, Royal Bank Of Canada began coverage on Telesat in a research report on Thursday, August 27th. They set a “moderate buy” rating on the stock.
View Our Latest Analysis on Telesat
Telesat Price Performance
Shares of TSAT opened at $40.86 on Wednesday. Telesat has a twelve month low of $23.01 and a twelve month high of $61.54. The company has a market capitalization of $621.89 million, a P/E ratio of -2.28 and a beta of 2.11. The firm has a 50 day moving average of $46.68 and a 200 day moving average of $46.74. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.90.
Telesat (NASDAQ:TSAT – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($7.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($7.14). The business had revenue of $57.30 million during the quarter, compared to the consensus estimate of $56.11 million. Telesat had a negative net margin of 102.62% and a negative return on equity of 15.53%. As a group, equities research analysts anticipate that Telesat will post -11.93 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Telesat
Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. lifted its stake in Telesat by 18.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 63,361 shares of the company’s stock valued at $2,938,000 after acquiring an additional 9,653 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Telesat in the third quarter worth approximately $34,000. Engineers Gate Manager LP bought a new stake in shares of Telesat in the second quarter worth approximately $591,000. Allied Private Wealth LLC bought a new stake in shares of Telesat in the second quarter worth approximately $51,000. Finally, Militia Capital Management LLC purchased a new position in shares of Telesat during the first quarter valued at approximately $560,000.
About Telesat
Telesat is a Canadian satellite operator that provides communications services to customers worldwide. Founded in 1969 and headquartered in Ottawa, Ontario, the company operates a fleet of geostationary satellites and related ground infrastructure designed to support broadband connectivity, broadcasting, enterprise communications, mobility and government applications.
Telesat serves telecommunications companies, broadcasters, content providers, governments and other organizations across North America and international markets.
See Also
- Five stocks we like better than Telesat
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Receive News & Ratings for Telesat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telesat and related companies with MarketBeat.com's FREE daily email newsletter.
