Telesat (NASDAQ:TSAT) Shares Gap Down – Time to Sell?

Posted by on Aug 13th, 2026

Shares of Telesat Corporation (NASDAQ:TSAT – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $61.40, but opened at $57.35. Telesat shares last traded at $56.7510, with a volume of 26,731 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSAT shares. New Street Research started coverage on shares of Telesat in a research report on Wednesday, May 13th. They set a “sell” rating and a $30.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telesat in a research note on Thursday, June 18th. Wall Street Zen cut shares of Telesat from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 25th. Scotiabank started coverage on Telesat in a research note on Monday, July 13th. They issued a “hold” rating on the stock. Finally, Zacks Research cut shares of Telesat from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Telesat currently has a consensus rating of “Reduce” and an average price target of $33.50.

Get Our Latest Research Report on TSAT

Telesat Price Performance

The firm has a market capitalization of $788.89 million, a P/E ratio of -5.90 and a beta of 2.07. The company has a 50-day moving average price of $44.66 and a 200-day moving average price of $41.85. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.25.

Hedge Funds Weigh In On Telesat

Institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC bought a new position in Telesat in the second quarter valued at approximately $51,000. Royal Bank of Canada raised its holdings in Telesat by 32.2% during the fourth quarter. Royal Bank of Canada now owns 2,922 shares of the company’s stock worth $85,000 after acquiring an additional 712 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Telesat by 1,335.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,818 shares of the company’s stock valued at $101,000 after buying an additional 3,552 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Telesat by 63.3% in the 1st quarter. Acadian Asset Management LLC now owns 6,381 shares of the company’s stock valued at $119,000 after acquiring an additional 2,473 shares during the period. Finally, Virtu Financial LLC bought a new position in Telesat during the fourth quarter worth about $211,000.

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.

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