Desjardins Initiates Coverage on Telesat (TSE:TSA)

Desjardins assumed coverage on shares of Telesat (TSE:TSA) in a note issued to investors on Tuesday, Zacks reports. The brokerage set a “moderate buy” rating on the stock.

A number of other research analysts have also recently commented on TSA. Royal Bank Of Canada upgraded shares of Telesat to a “moderate buy” rating in a report on Thursday, August 27th. Canadian Imperial Bank of Commerce raised shares of Telesat to a “strong-buy” rating in a research note on Sunday, October 25th. Scotiabank raised shares of Telesat to a “hold” rating in a research report on Monday, July 13th. Finally, Stifel Nicolaus raised shares of Telesat to a “strong-buy” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.