Telesat (TSE:TSA) Coverage Initiated by Analysts at Desjardins

Desjardins started coverage on shares of Telesat (TSE:TSA) in a research note issued on Tuesday, Zacks reports. The brokerage set a “moderate buy” rating on the stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus upgraded shares of Telesat to a “strong-buy” rating in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce raised shares of Telesat to a “strong-buy” rating in a report on Sunday, October 25th. Scotiabank raised Telesat to a “hold” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada upgraded Telesat to a “moderate buy” rating in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.