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Telesat (NASDAQ:TSAT) Stock Price Up 0.5%

Defense World ·  Jan 6, 2023 02:02

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.

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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

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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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