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TSE:TSAT
Telesat (TSAT.TO)
Financials 
Technical Analysis 
Jun 11, 2026, 12:00 amThis summary was created by AI, based on 4 opinions in the last 12 months.
Telesat (TSAT-T) is navigating a transformative period, as its traditional geostationary satellite (GEO) services face structural decline in revenue and margins. Despite these challenges, the stock price is on the rise, driven primarily by a strategic pivot toward low-earth-orbit (LEO) satellite services, which are experiencing robust demand from governmental contracts and an expanding backlog. Analysts note that this internal shift could potentially offset the declining revenues from the legacy GEO segment over the coming years. However, the stock's liquidity is low, and it is primarily covered by just two analysts, which adds a layer of speculation. While some investors find the stock appealing due to its potential within the burgeoning space exploration sector, others are cautious citing the unclear earnings profile and the company's erratic financial trajectory.
On paper, TSATs fundamentals are showing a decline, with revenues and margins falling, but yet the stock price is rising. This is due to an internal shift in its business model. Its legacy business is its geostationary satellites (GEO) which provide services like broadcasting, enterprise telecom, etc. This segment is in a structural decline, but its new segment low-earth-orbit satellites (LEO) is seeing strong demand from governments, and its backlog is growing. So while its GEO segment is in a structural decline, the backlog growth for LEO is expected to offset the decline in GEO in the coming year(s). We think it is interesting and has potential being in the space exploration sector.
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On paper, TSATs fundamentals are showing a decline, with revenues and margins falling, but yet the stock price is rising. This is due to an internal shift in its business model. Its legacy business is its geostationary satellites (GEO) which provide services like broadcasting, enterprise telecom, etc. This segment is in a structural decline, but its new segment low-earth-orbit satellites (LEO) is seeing strong demand from governments, and its backlog is growing. So while its GEO segment is in a structural decline, the backlog growth for LEO is expected to offset the decline in GEO in the coming year(s). We think it is interesting and has potential being in the space exploration sector.
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We like the sector, and the stock is cheap. We would be OK buying.
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Premium content
Premium contentThis Canadian based satellite operator provides services to direct-to-home broadcasters, government agencies and the oil and gas sector. The company just announced an expanded contract with the Department of Defense. It trades under 2x earnings, under book value and supports a 30% ROE. We recommend placing a stop-loss at $11, looking to achieve $17 -- upside potential of 18%. Yield 0%
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Telesat (TSAT.TO) Frequently Asked Questions
What is Telesat stock symbol?
Telesat is a Canadian stock, trading under the symbol TSAT.TO (previously TSAT-T on Stockchase) on the Toronto Stock Exchange (TSAT-CT). It is usually referred to as TSX:TSAT or TSAT.TO
Is Telesat a buy or a sell?
In the last year, 3 stock analysts published opinions about TSAT.TO (previously TSAT-T on Stockchase). 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Telesat.
Is Telesat a good investment or a top pick?
Telesat was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2023-12-14. Read the latest stock experts ratings for Telesat.
Why is Telesat stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Telesat worth watching?
3 stock analysts on Stockchase covered Telesat in the last year. It is a trending stock that is worth watching.
What is Telesat stock price?
On 2026-06-11, Telesat (TSAT.TO) stock closed at a price of $69.75.
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Global satellite provider. Has 51% of its business in Canada and 32% in US, balance in Europe and Australia and SA. Only 2 analysts cover it. Not very liquid. Analysts model big earnings drop from here, erratic and bumpy.
Looks speculative. He prefers a clearer earnings profile.