Telesat Corp (NASDAQ:TSAT - Get Free Report)'s stock price rose 5.1% on Thursday . The company traded as high as $17.99 and last traded at $17.81. Approximately 95,077 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 56,844 shares. The stock had previously closed at $16.95.
Telesat Price Performance
The firm has a market cap of $242.95 million, a P/E ratio of 7.33 and a beta of 2.35. The firm's 50 day moving average is $18.19 and its two-hundred day moving average is $14.80. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11.
Hedge Funds Weigh In On Telesat
Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Telesat by 1,395.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock worth $43,000 after acquiring an additional 2,456 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 period. Trexquant Investment LP bought a new position in shares of Telesat during the 4th quarter valued at about $223,000. Millennium Management LLC acquired a new position in shares of Telesat in the 4th quarter valued at approximately $368,000. Finally, Squarepoint Ops LLC bought a new stake in Telesat during the 4th quarter worth approximately $552,000.
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.
Further Reading
Before you consider Telesat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telesat wasn't on the list.
While Telesat currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
