Telesat (NASDAQ:TSAT – Get Rating) will post its quarterly earnings results before the market opens on Thursday, May 11th.
Telesat Stock Performance
NASDAQ TSAT opened at $8.50 on Tuesday. The stock’s 50-day simple moving average is $8.20 and its two-hundred day simple moving average is $8.35. Telesat has a twelve month low of $6.00 and a twelve month high of $18.21. The company has a debt-to-equity ratio of 2.11, a quick ratio of 10.43 and a current ratio of 10.43.
Institutional Investors Weigh In On Telesat
A number of large investors have recently added to or reduced their stakes in TSAT. Gamco Investors INC. ET AL raised its position in Telesat by 21.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,509,120 shares of the company’s stock valued at $24,900,000 after purchasing an additional 270,583 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Telesat by 677.9% in the second quarter. Citadel Advisors LLC now owns 175,819 shares of the company’s stock worth $1,964,000 after buying an additional 153,217 shares during the period. Tejara Capital Ltd purchased a new position in shares of Telesat in the fourth quarter worth about $1,097,000. Millennium Management LLC increased its holdings in shares of Telesat by 284.6% in the second quarter. Millennium Management LLC now owns 134,376 shares of the company’s stock worth $1,501,000 after buying an additional 99,434 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Telesat by 12.7% in the first quarter. Gabelli Funds LLC now owns 571,400 shares of the company’s stock worth $9,428,000 after buying an additional 64,483 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.
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