Desjardins Begins Coverage on Telesat (TSE:TSA)

Analysts at Desjardins began coverage on shares of Telesat (TSE:TSA) in a research report issued on Tuesday, Zacks reports. The firm set a “moderate buy” rating on the stock.

A number of other equities research analysts have also recently weighed in on 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 upgraded shares of Telesat to a “strong-buy” rating in a research report on Sunday, October 25th. Scotiabank raised shares of Telesat to a “hold” rating in a research note on Monday, July 13th. Finally, Royal Bank Of Canada upgraded shares of Telesat to a “moderate buy” rating in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Telesat has an average 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.