Cormark Has Pessimistic View of Telesat FY2025 Earnings

Telesat Corp (NASDAQ:TSAT) – Analysts at Cormark reduced their FY2025 earnings per share estimates for Telesat in a report released on Tuesday, March 25th. Cormark analyst D. Mcfadgen now expects that the company will earn ($2.09) per share for the year, down from their prior forecast of ($1.90).

Telesat Trading Down 0.0 %

NASDAQ TSAT opened at $20.58 on Thursday. The firm has a market capitalization of $280.73 million, a PE ratio of 8.47 and a beta of 2.35. The business’s 50-day moving average price is $19.58 and its two-hundred day moving average price is $15.86. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11. Telesat has a 12 month low of $6.93 and a 12 month high of $25.38.

Institutional Trading of Telesat

Institutional investors have recently added to or reduced their stakes in the stock. LM Asset IM Inc. acquired a new position in shares of Telesat in the 4th quarter worth approximately $13,290,000. Squarepoint Ops LLC acquired a new position in Telesat in the fourth quarter valued at $552,000. Millennium Management LLC acquired a new position in Telesat in the fourth quarter valued at $368,000. Bank of America Corp DE grew its holdings in Telesat by 13.7% during the 4th quarter. Bank of America Corp DE now owns 7,360 shares of the company’s stock worth $121,000 after acquiring an additional 889 shares during the period. Finally, Aristeia Capital L.L.C. acquired a new stake in Telesat during the 4th quarter worth about $649,000.

Telesat Company Profile

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.