Royal Bank Of Canada Upgrades Telesat (TSE:TSA) to “Moderate Buy”

Telesat (TSE:TSA) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research analysts have also issued reports on TSA. Scotiabank upgraded Telesat to a “hold” rating in a research report on Monday, July 13th. Stifel Nicolaus raised shares of Telesat to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, New Street Research upgraded shares of Telesat to a “strong sell” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Telesat Stock Performance

Telesat is a Canadian satellite communications company that provides data, video, and connectivity services through its satellite infrastructure. The company serves a range of customers that include broadcasters, telecom operators, government agencies, and enterprise users that need reliable communications in remote or hard-to-reach locations.

Founded in 1969, Telesat has a long history in the satellite industry and is headquartered in Ottawa, Ontario. Its services are delivered to customers across Canada and internationally, supporting applications such as network backhaul, enterprise connectivity, and broadcast distribution.