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Telesat Corp ( (TSE:TSAT) ) has issued an announcement.
On August 13, 2026, Telesat reported weaker financial results for the quarter and six months ended June 30, 2026, as GEO segment revenue fell 26% and consolidated adjusted EBITDA dropped sharply, driving net losses of $559 million for the quarter and $710 million for the half. The decline reflected non-renewed broadcast contracts, refinancing-related costs, and non-cash losses tied to Lightspeed warrant revaluation and foreign exchange, even as the company invested $337 million in Lightspeed and maintained GEO earnings guidance.
Strategically, Telesat strengthened its long-term position with a $2.7 billion, 15-year ESCP-P contract with Canada to expand the Lightspeed constellation from 156 to 225 satellites and grow LEO backlog pro forma to $5.6 billion. The operator also stands to receive US$189 million in FCC Upper C-Band incentive payments and secured a US$120 million term loan to support GEO refinancing, while raising its Lightspeed spending outlook to $1.3–$1.5 billion as it targets global commercial service around late Q1 2028.
The most recent analyst rating on (TSE:TSAT) stock is a Hold
with a C$80.00 price target.
To see the full list of analyst forecasts on Telesat Corp stock,
see the TSE:TSAT Stock Forecast page.
Spark’s Take on TSAT Stock
According to Spark, TipRanks’ AI Analyst, TSAT is a Neutral.
The score is held down primarily by weak financial performance: very high leverage, negative operating cash flow, and deeply negative free cash flow alongside persistent net losses and declining revenue. Technicals provide a partial offset as the stock trades above major moving averages, but momentum is still soft (negative MACD and sub-50 RSI). Valuation offers limited support because earnings are negative and no dividend yield is available.
To see Spark’s full report on TSAT stock,
click here.
More about Telesat Corp
Telesat Corp., based in Ottawa, is one of the world’s largest satellite operators, providing geostationary (GEO) and low Earth orbit (LEO) connectivity services. Its offerings support broadcast, broadband, aviation and defense customers globally, with a major strategic focus on the Telesat Lightspeed LEO constellation aimed at high-throughput, secure communications.
Average Trading Volume: 51,790
Technical Sentiment Signal: Buy
Current Market Cap: C$1.26B
For a thorough assessment of TSAT stock, go to TipRanks’ Stock Analysis page.