Telesat (NASDAQ:TSAT – Get Free Report) was upgraded by analysts at Cormark to a “moderate buy” rating in a report released on Friday, Zacks.com reports.
Telesat Stock Up 1.6 %
Shares of NASDAQ:TSAT opened at $12.15 on Friday. The company has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $8.79. The company has a market capitalization of $165.74 million, a PE ratio of 1.69 and a beta of 2.29. Telesat has a 52 week low of $6.93 and a 52 week high of $15.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 6.13 and a current ratio of 6.13.
Telesat (NASDAQ:TSAT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($2.87) EPS for the quarter, missing the consensus estimate of $2.47 by ($5.34). Telesat had a negative return on equity of 5.90% and a net margin of 4.59%. The business had revenue of $111.41 million for the quarter, compared to analyst estimates of $106.82 million. Analysts forecast that Telesat will post 0.87 earnings per share for the current year.
Hedge Funds Weigh In On Telesat
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.
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