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

Telesat Corporation (TSE:TSA) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several analysts recently commented on TSA shares. Stifel Nicolaus upgraded shares of Telesat to a “strong-buy” rating in a research report on Wednesday, July 15th. Scotiabank upgraded shares of Telesat to a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada raised shares of Telesat to a “moderate buy” rating in a report on Thursday, August 27th. Desjardins began coverage on Telesat in a research report on Tuesday, November 3rd. They issued a “moderate buy” rating on the stock. Finally, Canadian Imperial Bank of Commerce raised Telesat to a “strong-buy” rating in a research report on Sunday, October 25th.

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.