Cormark Comments on Telesat’s FY2025 Earnings (NASDAQ:TSAT)

Telesat Corp (NASDAQ:TSAT) – Equities researchers at Cormark cut their FY2025 EPS estimates for shares of Telesat in a research note issued to investors on Tuesday, March 25th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of ($2.09) per share for the year, down from their prior forecast of ($1.90).

Telesat Trading Down 0.0 %

NASDAQ:TSAT opened at $20.58 on Thursday. Telesat has a 12 month low of $6.93 and a 12 month high of $25.38. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $280.73 million, a price-to-earnings ratio of 8.47 and a beta of 2.35. The firm has a fifty day simple moving average of $19.58 and a two-hundred day simple moving average of $15.86.

Institutional Trading of Telesat

Several large investors have recently made changes to their positions in TSAT. Bank of America Corp DE raised its stake in Telesat by 13.7% during the 4th quarter. Bank of America Corp DE now owns 7,360 shares of the company’s stock worth $121,000 after buying an additional 889 shares during the period. Millennium Management LLC bought a new stake in shares of Telesat during the fourth quarter valued at approximately $368,000. Squarepoint Ops LLC acquired a new position in shares of Telesat during the fourth quarter worth approximately $552,000. LM Asset IM Inc. bought a new position in shares of Telesat in the 4th quarter worth $13,290,000. Finally, JPMorgan Chase & Co. grew its position in Telesat by 1,395.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company’s stock valued at $43,000 after purchasing an additional 2,456 shares during the period.

Telesat Company Profile

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.