Royal Bank Of Canada upgraded shares of Telesat (TSE:TSA – Free Report) to a moderate buy rating in a report published on Thursday morning,Zacks.com reports.
Several other equities analysts have also recently commented on TSA. Stifel Nicolaus upgraded shares of Telesat to a “strong-buy” rating in a report on Wednesday, July 15th. New Street Research raised Telesat to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Scotiabank upgraded Telesat to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
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Telesat Price Performance
Telesat is a Canadian satellite communications company that provides data, video, and connectivity services through its satellite infrastructure. The company serves a range of customers that include broadcasters, telecom operators, government agencies, and enterprise users that need reliable communications in remote or hard-to-reach locations.
Founded in 1969, Telesat has a long history in the satellite industry and is headquartered in Ottawa, Ontario. Its services are delivered to customers across Canada and internationally, supporting applications such as network backhaul, enterprise connectivity, and broadcast distribution.
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