Telesat (TSE:TSA – Get Free Report) was upgraded by stock analysts at Stifel Nicolaus to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.
Several other equities research analysts have also commented on the stock. New Street Research upgraded shares of Telesat to a “strong sell” rating in a research report on Wednesday, May 13th. Scotiabank upgraded shares of Telesat to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Telesat has an average rating of “Hold”.
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Telesat Stock 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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