Telesat (TSE:TSA – Get Free Report) was upgraded by investment analysts at Stifel Nicolaus to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.
A number of other equities research analysts have also issued reports on TSA. Scotiabank upgraded Telesat to a “hold” rating in a research note on Monday. New Street Research raised Telesat to a “strong sell” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Analysis on TSA
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.
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