Telesat (TSE:TSA – Get Free Report) was upgraded by research analysts at Scotiabank to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.
Separately, New Street Research upgraded Telesat to a “strong sell” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
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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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