Telesat (NASDAQ:TSAT) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Telesat (NASDAQ:TSAT) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $9.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 26.76% from the stock’s previous close.

Telesat Stock Down 2.1 %

Telesat stock opened at $7.10 on Tuesday. The company has a quick ratio of 13.19, a current ratio of 13.19 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $90.95 million, a P/E ratio of 0.84 and a beta of 2.08. The firm has a 50 day moving average price of $8.48 and a 200-day moving average price of $9.73. Telesat has a twelve month low of $6.90 and a twelve month high of $22.75.

Telesat (NASDAQ:TSAT) last released its earnings results on Thursday, March 28th. The company reported $0.22 earnings per share (EPS) for the quarter. Telesat had a negative return on equity of 1.72% and a net margin of 22.44%. The business had revenue of $121.87 million during the quarter.

Institutional Trading of Telesat

A number of hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI raised its position in Telesat by 6,039.8% during the fourth quarter. National Bank of Canada FI now owns 6,324 shares of the company’s stock valued at $66,000 after purchasing an additional 6,221 shares in the last quarter. Jump Financial LLC bought a new stake in Telesat in the 3rd quarter worth approximately $177,000. Quadrature Capital Ltd purchased a new stake in Telesat in the fourth quarter worth approximately $206,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Telesat during the third quarter valued at approximately $406,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Telesat during the third quarter worth approximately $738,000.

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.