Telesat (TSAT) Stock Price, News & Analysis

Company Overview

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. It offers value-added services that include satellite capacity, digital encoding of video channels, authorization, and uplinking and downlinking services; and occasional use services for the broadcast of video news, sports, and live event coverages. The company also provides satellite capacity and end-to-end services comprising space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; rural telephony to telecommunications carriers and network services integrators; and other satellite services. In addition, it offers direct-to-consumer broadband services; communications services for the oil and gas and mining industries; and broadband communication services to maritime and aeronautical markets comprising commercial airplanes and vessels. Further, the company operates satellite and hybrid satellite/terrestrial networks. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, research and development, and satellite control services. The company offers its services primarily through a direct sales force. As of December 31, 2020, it operated a fleet of 15 in-orbit geostationary satellites and a Canadian payload on the ViaSat-1 satellite. The company was founded in 1969 and is headquartered in Ottawa, Canada. Telesat Corporation is a subsidiary of Loral Space & Communications Inc.

Key Stats

• Today's Range: $10.11 to $11.09
• 50-Day Range: $10.54 to $14.35
• 52-Week Range: $6.93 to $15.02
• Volume: 60,313 shs
• Average Volume: 36,467 shs
• Market Capitalization: $150.46 million
• P/E Ratio: 4.54
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Hold

Telesat Stock Analysis - MarketRank™

Telesat scored higher than 24% of companies evaluated by MarketBeat, and ranked 562nd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Telesat has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Telesat has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Telesat are expected to decrease in the coming year, from ($0.29) to ($2.66) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Telesat is 4.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Telesat is 4.54, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.14.

Price to Book Value per Share Ratio

Telesat has a P/B Ratio of 0.08. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.31% of the float of Telesat has been sold short.

Short Interest Ratio / Days to Cover

Telesat has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Telesat has recently increased by 58.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Telesat does not currently pay a dividend.

Dividend Growth

Telesat does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.31% of the float of Telesat has been sold short.

Short Interest Ratio / Days to Cover

Telesat has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Telesat has recently increased by 58.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.63

News Sentiment

Telesat has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Telesat this week, compared to 1 article on an average week.

MarketBeat Follows

Only 3 people have added Telesat to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Telesat insiders have not sold or bought any company stock.

Percentage Held by Insiders

40.60% of the stock of Telesat is held by insiders. A high percentage of insider ownership can be a sign of company health.

TSAT Stock Analysis - Frequently Asked Questions

How have TSAT shares performed this year?

Telesat's stock was trading at $10.43 on January 1st, 2024. Since then, TSAT stock has increased by 5.8% and is now trading at $11.03.
View the best growth stocks for 2024 here.

Who are Telesat's major shareholders?

Telesat's top institutional investors include Heard Capital LLC (12.86%), Connor Clark & Lunn Investment Management Ltd. (0.35%) and Platform Technology Partners (0.13%).

How do I buy shares of Telesat?

Shares of TSAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Telesat own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Telesat investors own include iShares Micro-Cap ETF (IWC), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), American Water Works (AWK) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communication services, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NASDAQ:TSAT
• CUSIP: N/A
• CIK: 1845840
• Web: www.loral.com
• Phone: (212) 697-1105
• Fax: 212-338-5662
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: -18.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.43
• Trailing P/E Ratio: 4.54
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $116.39 million
• Net Margins: 7.99%
• Pretax Margin: 34.54%
• Return on Equity: -3.16%
• Return on Assets: -1.25%

Debt

• Debt-to-Equity Ratio: 1.11
• Current Ratio: 4.36
• Quick Ratio: 4.36

Sales & Book Value

• Annual Sales: $608.95 million
• Price / Sales: 0.25
• Cash Flow: $8.55 per share
• Price / Cash Flow: 1.29
• Book Value: $130.57 per share
• Price / Book: 0.08

Miscellaneous

• Outstanding Shares: 13,641,000
• Free Float: 8,103,000
• Market Cap: $150.46 million
• Optionable: Optionable
• Beta: 2.30