Telesat (TSE:TSA) Upgraded at Royal Bank Of Canada

Telesat (TSE:TSA) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts also recently weighed in on TSA. Stifel Nicolaus raised Telesat to a “strong-buy” rating in a research report on Wednesday, July 15th. Scotiabank raised Telesat to a “hold” rating in a report on Monday, July 13th. Finally, New Street Research upgraded Telesat to a “strong sell” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.