Telesat (NASDAQ:TSAT - Get Free Report)'s stock had its "sell (d+)" rating reissued by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.
Telesat Stock Up 9.0%
Shares of TSAT stock traded up $2.85 during trading hours on Wednesday, reaching $34.38. The company had a trading volume of 311,379 shares, compared to its average volume of 139,227. The business has a fifty day simple moving average of $23.65 and a 200-day simple moving average of $21.03. The company has a market cap of $468.98 million, a price-to-earnings ratio of -6.54 and a beta of 2.06. Telesat has a 12 month low of $10.11 and a 12 month high of $34.94. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.08 and a quick ratio of 5.08.
Telesat (NASDAQ:TSAT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $1.69. The business had revenue of $77.94 million for the quarter, compared to analyst estimates of $109.64 million. Telesat had a negative return on equity of 3.54% and a negative net margin of 20.74%.
Hedge Funds Weigh In On Telesat
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Militia Capital Partners LP purchased a new position in Telesat during the first quarter worth about $728,000. Trexquant Investment LP grew its position in Telesat by 115.2% during the first quarter. Trexquant Investment LP now owns 29,164 shares of the company's stock worth $549,000 after buying an additional 15,613 shares in the last quarter. Vestcor Inc bought a new stake in Telesat during the first quarter worth about $2,354,000. Bank of America Corp DE lifted its stake in Telesat by 13.7% during the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company's stock worth $121,000 after purchasing an additional 889 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in Telesat during the first quarter worth about $256,000.
Telesat Company Profile
(
Get Free Report)
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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