Telesat (TSAT) Stock

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Telesat (TSAT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Spacecraft and multiple major subsystems pass preliminary design review Spacecraft and multiple major subsystems pass preliminary design review

Telesat (TSAT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $3.80 per share a year ago.

LONG BEACH, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- APEX Expo --  Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the signing of a Memorandum of Understanding (MOU) with Airbus SAS to collaborate on the integration of the Telesat Lightspeed low earth orbit (LEO) network within the Airbus HBCplus Ka-band solution portfolio.

Telesat Corporation's LEO satellites and improved broadband connectivity are expected to drive significant demand, supported by agreements with governments, large corporations, and SpaceX. The company's ongoing debt repurchase efforts may enhance stock valuation by lowering financial risks, making TSAT appear undervalued based on P/E ratio and EV/TTM EBITDA. Telesat's strong positioning in Canada and its links with major clients like Bell Canada and Hughes Network Systems indicate robust future revenue growth.

OTTAWA, Ontario, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of recently retired Brigadier-General G. Michael Adamson as the company's new Senior Director of Defence Strategy and Business Development. In this role, BGen (Ret'd) Adamson will work to expand and execute the government go-to-market and business development strategy for the Telesat Lightspeed low earth orbit (LEO) network, with an emphasis on Canada, the U.S. and other allied nations.

Telesat (TSAT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Telesat Lightspeed program will create and sustain thousands of high-quality Canadian jobs and deliver billions of dollars of investment in the Canadian economy Telesat Lightspeed program will create and sustain thousands of high-quality Canadian jobs and deliver billions of dollars of investment in the Canadian economy