TSE:TSAT
Telesat (TSAT.TO)
Financials 
Technical Analysis 
Jul 24, 2026, 12:00 amThis summary was created by AI, based on 4 opinions in the last 12 months.
Telesat (TSAT-T) is a global satellite provider operating primarily in Canada and the US, yet it faces challenges with its traditional geostationary satellite (GEO) segment, which is experiencing a structural decline in revenues and margins. However, the company is undergoing a significant transformation by shifting focus towards low-earth-orbit satellites (LEO), which are currently witnessing strong demand from government clients, leading to increasing backlog. This internal shift is contributing to a rising stock price despite the falling fundamentals of its legacy business. Analysts have mixed views; while noting the speculative nature of the stock due to low liquidity and only two analysts covering it, some express optimism regarding its potential in the growing space exploration sector. The consensus seems to lean towards cautious interest given the structural changes underway.
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 issued a Buy, Sell, or Hold rating on TSAT.TO (previously TSAT-T on Stockchase). 1 analyst recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. 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 Greg Newman on 2026-04-24. 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 Telesat.
Is Telesat worth watching?
Telesat is followed by 8 investors on Stockchase and is a trending stock that is worth watching.
What is Telesat stock price?
On 2026-07-23, Telesat (TSAT.TO) stock closed at a price of $55.57.
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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.