Stifel Nicolaus upgraded shares of Telesat (TSE:TSA – Free Report) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.
TSA has been the topic of several other research reports. New Street Research raised Telesat to a “strong sell” rating in a report on Wednesday, May 13th. Scotiabank raised Telesat to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.
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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.
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