Telesat Corp (NASDAQ:TSAT – Get Rating)'s stock price rose 0.5% on Thursday . The stock traded as high as $9.64 and last traded at $9.30. Approximately 15,955 shares were traded during trading, a decline of 58% from the average daily volume of 38,018 shares. The stock had previously closed at $9.25.

Telesat Trading Up 0.5 %

The company has a fifty day moving average price of $7.97 and a two-hundred day moving average price of $9.61. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 2.26.

Institutional Investors Weigh In On Telesat

Several institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in Telesat by 1.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,533,068 shares of the company's stock valued at $17,124,000 after acquiring an additional 23,948 shares in the last quarter. Gabelli Funds LLC lifted its stake in Telesat by 22.6% in the 3rd quarter. Gabelli Funds LLC now owns 1,009,392 shares of the company's stock valued at $7,883,000 after acquiring an additional 185,905 shares in the last quarter. Philosophy Capital Management LLC lifted its stake in Telesat by 3.0% in the 3rd quarter. Philosophy Capital Management LLC now owns 939,720 shares of the company's stock valued at $7,339,000 after acquiring an additional 27,088 shares in the last quarter. Citadel Advisors LLC lifted its stake in Telesat by 677.9% in the 2nd quarter. Citadel Advisors LLC now owns 175,819 shares of the company's stock valued at $1,964,000 after acquiring an additional 153,217 shares in the last quarter. Finally, P Schoenfeld Asset Management LP lifted its stake in Telesat by 50.4% in the 1st quarter. P Schoenfeld Asset Management LP now owns 149,174 shares of the company's stock valued at $2,461,000 after acquiring an additional 50,000 shares in the last quarter.

About Telesat

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.

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