Telesat (NASDAQ:TSAT) Upgraded at Wall Street Zen

Telesat (NASDAQ:TSAT) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts also recently commented on TSAT. Royal Bank Of Canada assumed coverage on shares of Telesat in a research note on Thursday, August 27th. They set a “moderate buy” rating on the stock. Scotiabank assumed coverage on shares of Telesat in a research note on Monday, July 13th. They issued a “hold” rating for the company. Zacks Research raised shares of Telesat from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telesat in a research report on Monday, September 14th. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Telesat in a research report on Sunday, October 25th. They issued a “sector outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.50.

Telesat Stock Performance

Shares of NASDAQ TSAT opened at $40.09 on Friday. The stock’s 50-day moving average is $45.62 and its 200 day moving average is $42.65. The stock has a market cap of $610.13 million, a price-to-earnings ratio of -2.18 and a beta of 2.11. Telesat has a 1-year low of $23.01 and a 1-year high of $61.54. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.90.

Telesat (NASDAQ:TSAT) last issued its earnings results 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 firm had revenue of $57.30 million during the quarter, compared to analysts’ expectations of $56.11 million. Telesat had a negative return on equity of 13.68% and a negative net margin of 112.44%. On average, sell-side analysts anticipate that Telesat will post -11.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Telesat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Senvest Management LLC boosted its position in Telesat by 2.2% during the 1st quarter. Senvest Management LLC now owns 137,668 shares of the company’s stock valued at $4,984,000 after buying an additional 3,000 shares during the period. TD Waterhouse Canada Inc. grew its holdings in Telesat by 18.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 63,361 shares of the company’s stock worth $2,938,000 after acquiring an additional 9,653 shares during the last quarter. Walleye Capital LLC grew its holdings in Telesat by 210.1% in the 1st quarter. Walleye Capital LLC now owns 57,017 shares of the company’s stock worth $2,064,000 after acquiring an additional 38,630 shares during the last quarter. Bank of America Corp DE increased its position in shares of Telesat by 72.5% in the first quarter. Bank of America Corp DE now owns 34,794 shares of the company’s stock valued at $1,260,000 after acquiring an additional 14,626 shares during the period. Finally, Van Berkom & Associates Inc. purchased a new position in shares of Telesat in the first quarter valued at about $991,000.

Telesat News Roundup

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 consensus estimates for a loss of roughly C$0.69–C$0.72 per share. Revenue was approximately C$80.6 million, above FactSet’s C$77.1 million forecast, while reported U.S.-dollar revenue was $56.63 million versus a $54.13 million estimate. Telesat Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Analyst support provided a counterpoint. ATB Cormark Capital Markets initiated or reiterated a “Buy” view on TSAT, potentially signaling confidence in Telesat’s long-term satellite-network opportunity and business prospects. Telesat Gets a Buy from ATB Cormark Capital Markets
• Neutral Sentiment: Management’s earnings call may be more important than the headline beat. Investors are focused on operating execution, satellite-network development and the company’s financing plans, since the unusually large earnings beat may not fully reflect recurring operating performance. Telesat Q3 2026 Earnings Call Transcript
• Negative Sentiment: Underlying profitability remains weak. Reports said Telesat’s third-quarter net loss widened, despite the EPS beat. The company continues to show a deeply negative net margin, increasing concern that the earnings result may have been affected by nonrecurring items rather than stronger core operations. Telesat Q3 Net Loss Widens
• Negative Sentiment: Debt repayment and liquidity are the central risks. Telesat is evaluating alternatives ahead of a December deadline to repay debt. With a very low current ratio and substantial financing needs, uncertainty over refinancing, asset sales or other funding measures likely outweighed the quarterly revenue and EPS beat. Telesat Evaluates Alternatives as Debt Deadline Looms

Telesat Company Profile

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.