Telesat Corporation Class A Common Shares and Class B Variable Voting Shares (TSAT)
Telesat Corporation is a satellite communications company specializing in the operation of advanced satellite systems for global data, video, and voice transmission. It provides connectivity solutions for government, commercial, and enterprise clients, delivering reliable, secure, and scalable satellite services. Telesat's fleet of geostationary satellites enables worldwide coverage, supporting applications such as broadband internet, broadcasting, and secure government communications.
Company News
Vocus and Telesat have announced a multi-year contract for Vocus to build and operate Australia's first Telesat Lightspeed Low Earth Orbit (LEO) Landing Station, providing connectivity to Telesat's advanced LEO satellite constellation.
EchoStar reported a Q2 2024 loss of $0.76 per share, missing the Zacks Consensus Estimate of a $0.37 loss. The company's revenues of $3.95 billion also missed estimates. EchoStar's stock has outperformed the S&P 500 so far this year, but its earnings outlook is mixed.
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 65 points on Friday. The Dow traded up 0.32% to 35,289.89 while the NASDAQ fell 0.48% to 13,672.26. The S&P 500, also fell, dropping, 0.02% to 4,467.80. Check This Out: Amazon To Rally Over 66%? Here Are 10 Other Analyst Forecasts For Friday  Leading a...
"Buying local" just saved Telesat $2 billion.