Telesat Corporation (TSE:TSA) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Telesat Corporation (TSE:TSA) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company.

Several equities analysts recently issued reports on TSA shares. Stifel Nicolaus raised Telesat to a “strong-buy” rating in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce raised Telesat to a “strong-buy” rating in a research report on Sunday, October 25th. Desjardins assumed coverage on shares of Telesat in a research report on Tuesday, November 3rd. They set a “moderate buy” rating on the stock. Finally, Royal Bank Of Canada raised shares of Telesat to a “moderate buy” rating in a research note on Thursday, August 27th.

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.