Telesat (NASDAQ:TSAT) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Telesat Corporation (NASDAQ:TSAT) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $42.62 and traded as low as $40.31. Telesat shares last traded at $42.52, with a volume of 194,629 shares.

More Telesat News

Here are the key news stories impacting Telesat this week:

• Positive Sentiment: Quarterly results exceeded expectations: Telesat reported earnings of C$1.00 per share, compared with analysts’ expected loss of approximately C$0.69–C$0.72 per share. Revenue was C$80.6 million, above the FactSet estimate of C$77.1 million. Telesat Q3 earnings and revenue estimates
• Positive Sentiment: Analyst support provided a counterpoint: ATB Cormark Capital Markets issued a Buy rating on Telesat, potentially helping sentiment following the earnings release. Telesat receives Buy rating from ATB Cormark
• Neutral Sentiment: Management’s earnings call is under scrutiny: Investors are assessing the company’s outlook, operating performance and financing plans following the third-quarter results. Telesat Q3 2026 earnings call transcript
• Negative Sentiment: Underlying profitability remains weak: Telesat’s net loss widened year over year, while the company continues to report a negative net margin and negative return on equity. The strong per-share result therefore appears less reassuring than the headline beat. Telesat Q3 net loss widens
• Negative Sentiment: Debt repayment risk is the main overhang: Telesat is evaluating alternatives ahead of a December deadline to repay debt. Uncertainty over refinancing, asset sales or other funding measures is likely outweighing the earnings beat and contributing to the stock’s decline. Telesat evaluates alternatives as debt deadline approaches

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research upgraded Telesat from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Royal Bank Of Canada initiated coverage on Telesat in a research report on Thursday, August 27th. They set a “moderate buy” rating on the stock. Canadian Imperial Bank of Commerce initiated coverage on Telesat in a research note on Sunday. They issued a “sector outperform” rating for the company. Stifel Nicolaus initiated coverage on Telesat in a research note on Thursday, July 16th. They issued a “buy” rating for the company. Finally, Scotiabank began coverage on Telesat in a research report on Monday, July 13th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Telesat has an average rating of “Hold” and a consensus price target of $33.50.

Telesat Stock Performance

The firm has a market cap of $647.15 million, a P/E ratio of -2.38 and a beta of 2.11. The stock’s 50 day moving average is $45.70 and its two-hundred day moving average is $42.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.17 and a quick ratio of 0.17.

Telesat (NASDAQ:TSAT) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($7.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($7.14). The business had revenue of $57.30 million for the quarter, compared to the consensus estimate of $56.11 million. Telesat had a negative return on equity of 15.53% and a negative net margin of 102.62%. As a group, equities analysts predict that Telesat Corporation will post -11.93 EPS for the current year.

Hedge Funds Weigh In On Telesat

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Telesat in the 3rd quarter valued at $34,000. Allied Private Wealth LLC acquired a new position in Telesat during the second quarter worth $51,000. Royal Bank of Canada raised its stake in Telesat by 100.2% during the first quarter. Royal Bank of Canada now owns 5,850 shares of the company’s stock worth $212,000 after acquiring an additional 2,928 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Telesat during the second quarter worth $591,000. Finally, Militia Capital Management LLC bought a new position in shares of Telesat during the first quarter valued at $560,000.

About Telesat

Telesat is a Canadian satellite communications operator that provides connectivity and related services to telecommunications companies, broadcasters, governments, enterprises and other organizations worldwide. The company operates a fleet of geostationary satellites and delivers satellite capacity for broadband communications, video distribution, enterprise networking, mobility and government applications.

In addition to its geostationary satellite services, Telesat is developing Telesat Lightspeed, a planned low Earth orbit satellite network designed to provide high-speed, low-latency broadband connectivity.