Telesat (TSE:TSA) Now Covered by Analysts at Desjardins

Desjardins began coverage on shares of Telesat (TSE:TSA) in a research report report published on Tuesday morning,Zacks reports. The brokerage issued a moderate buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank upgraded Telesat to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada raised shares of Telesat to a “moderate buy” rating in a research report on Thursday, August 27th. Stifel Nicolaus upgraded shares of Telesat to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce raised shares of Telesat to a “strong-buy” rating in a research report on Sunday, October 25th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Telesat presently has an average 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.