For 2024, Telesat continues to expect full year:
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2024 | $9.00 | Hold | Deutsche Bank |
SC 13D/A - Telesat Corp (0001845840) (Subject)
SC 13D/A - Telesat Corp (0001845840) (Subject)
SC 13D/A - Telesat Corp (0001845840) (Subject)
Deutsche Bank initiated coverage of Telesat with a rating of Hold and set a new price target of $9.00
3 - Telesat Corp (0001845840) (Issuer)
6-K - Telesat Corp (0001845840) (Filer)
6-K - Telesat Corp (0001845840) (Filer)
6-K - Telesat Corp (0001845840) (Filer)
OTTAWA, Ontario, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and nine-month periods ended September 30, 2024. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (IFRS) unless otherwise noted. "The third quarter showed strong progress in our build-out of Telesat Lightspeed, our state-of-the-art Low Earth Orbit (LEO) constellation," commented Dan Goldberg, Telesat's President and CEO. "During the quarter, we concluded our funding arrangements with the governments of C
OTTAWA, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Thursday, November 14, 2024, at 10:30 a.m. EST to discuss its financial results for the three month and nine month periods ended September 30, 2024. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions:
OTTAWA, Ontario, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Telesat (TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and six-month periods ended June 30, 2024. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (IFRS) unless otherwise noted. "I am pleased with our financial and operating performance for the second quarter," commented Dan Goldberg, Telesat's President and CEO. "We remain on track to meet our 2024 guidance and, as a result of our continued disciplined execution, delivered industry-leading Adjusted EBITDA margins1, high capacity utilization, a substan
OTTAWA, Ontario, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and nine-month periods ended September 30, 2024. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (IFRS) unless otherwise noted. "The third quarter showed strong progress in our build-out of Telesat Lightspeed, our state-of-the-art Low Earth Orbit (LEO) constellation," commented Dan Goldberg, Telesat's President and CEO. "During the quarter, we concluded our funding arrangements with the governments of C
OTTAWA, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Thursday, November 14, 2024, at 10:30 a.m. EST to discuss its financial results for the three month and nine month periods ended September 30, 2024. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investors" and the heading "Investor News." Dial-in Instructions:
OTTAWA, Ontario and REHOVOT, Israel, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced that SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will develop and deliver the Landing Station Baseband Units for the upcoming Telesat Lightspeed Network. Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between
OTTAWA, Ontario, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Telesat (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. "The Telesat Lightspeed constellation will transform connectivity in a variety of enterprise industries, but particularly in the govern
OTTAWA, June 20, 2024 (GLOBE NEWSWIRE) -- Telesat Corporation (TSX:TSAT) ("Telesat" or the "Company"), one of the world's largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast. Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company, the amendment to the Company's Omnibus Plan to increase the number of Class A Common Shares and Class B Variable Voting Shares available for issuance under the Omnibus Plan and the election of each of the director nominees as follows: Di
OTTAWA and ARLINGTON, Va., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Telesat (TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of Philip Harlow as President of Telesat Government Solutions, a U.S.-incorporated, wholly-owned subsidiary of Telesat that is focused on providing resilient and secure satellite solutions to the U.S. Government and allied nations. With over 25 years of leadership experience, Mr. Harlow joins Telesat Government Solutions with deep knowledge and expertise in delivering SATCOM solutions to government users, including the U.S. Department of Defense and law enforcement and emergency services personnel. He most rece
Telesat (NASDAQ:TSAT) reported quarterly losses of $(0.80) per share which missed the analyst consensus estimate of $0.04 by 2102.5 percent. This is a 282.05 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $112.900 million which missed the analyst consensus estimate of $113.850 million by 0.83 percent. This is a 16.79 percent decrease over sales of $135.680 million the same period last year.
For 2024, Telesat continues to expect full year: revenues to be between C$545 million and C$565 million; Adjusted EBITDA to be between C$340 million and C$360 million, which reflects Telesat Lightspeed operating expenses of between C$80 million and C$90 million; and cash flows used in investing activities to be in the range of C$1,000 million to C$1,400 million, which is nearly all related to expected Telesat Lightspeed capital expenditures.
Telesat (NASDAQ:TSAT) reported quarterly losses of $(0.80) per share which missed the analyst consensus estimate of $0.04 by 2103.25 percent. The company reported quarterly sales of $152.177 million which beat the analyst consensus estimate of $113.850 million by 33.67 percent. This is a 12.16 percent increase over sales of $135.680 million the same period last year.