Telesat (TSAT) Plunges 1.97% on Earnings, Analyst Warnings

Telesat (TSAT) shares fell 1.97% today, marking the second consecutive day of decline, with a total drop of 4.64% over the past two days. The share price hit its lowest level since January 2025, experiencing an intraday decline of 5.60%.

Telesat's stock price has been influenced by several factors, including its current trend and analyst estimates. The stock is currently within a very wide and falling trend, which suggests weak performance in the near future. Negative signals are present, indicating potential challenges for Telesat Corporation.

Analyst estimates provide an average recommendation of "Overweight" with an average target price of $24.97. The company's last quarter's earnings were reported as -6.26, which may influence investor perception and stock price movement. These factors highlight the potential reasons for fluctuations in Telesat's stock price.