Telesat (TSE:TSA) Stock Rating Upgraded by Canadian Imperial Bank of Commerce

Telesat (TSE:TSA) was upgraded by analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a note issued to investors on Sunday, Zacks reports.

TSA has been the subject of a number of other research reports. Royal Bank Of Canada raised Telesat to a “moderate buy” rating in a report on Thursday, August 27th. Stifel Nicolaus upgraded shares of Telesat to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Scotiabank raised shares of Telesat to a “hold” rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.