Telesat Corp (NASDAQ:TSAT - Get Free Report) was up 2.5% during mid-day trading on Tuesday . The stock traded as high as $16.92 and last traded at $16.75. Approximately 13,855 shares changed hands during trading, a decline of 66% from the average daily volume of 40,302 shares. The stock had previously closed at $16.34.
Wall Street Analysts Forecast Growth
Separately, Cormark upgraded shares of Telesat to a "moderate buy" rating in a research report on Friday, September 20th.
Get Our Latest Stock Report on Telesat
Telesat Stock Up 2.5 %
The stock has a market cap of $228.49 million, a P/E ratio of 6.89 and a beta of 2.30. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. The firm's 50-day moving average is $13.88 and its two-hundred day moving average is $11.23.
Hedge Funds Weigh In On Telesat
An institutional investor recently raised its position in Telesat stock. Simplify Asset Management Inc. lifted its holdings in shares of Telesat Corp (NASDAQ:TSAT - Free Report) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,781 shares of the company's stock after buying an additional 75,000 shares during the quarter. Simplify Asset Management Inc. owned about 2.68% of Telesat worth $3,329,000 at the end of the most recent quarter.
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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