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MDA Space Ltd ( (TSE:MDA) ) just unveiled an announcement.
MDA Space Ltd. announced that EchoStar Corporation has terminated their constellation contract due to a shift in EchoStar’s business strategy following spectrum allocation discussions with the FCC. Despite this setback, MDA Space will be compensated for termination costs and remains focused on its $4.6 billion backlog, excluding the EchoStar contract, which ensures revenue growth through 2025. The company continues to pursue opportunities in digital satellite constellations for broadband data and direct-to-device communication satellites, maintaining its fiscal 2025 financial outlook.
The most recent analyst rating on (TSE:MDA) stock is a Buy with a C$51.00 price target. To see the full list of analyst forecasts on MDA Space Ltd stock, see the TSE:MDA Stock Forecast page.
Spark’s Take on TSE:MDA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDA is a Outperform.
MDA Ltd’s strong financial performance and positive earnings call are the most significant factors driving the score. The technical analysis supports a bullish outlook, although the high P/E ratio suggests potential overvaluation. The absence of a dividend yield further impacts the valuation.
To see Spark’s full report on TSE:MDA stock, click here.
More about MDA Space Ltd
MDA Space Ltd. is a leading global company in the space industry, specializing in robotics, satellite systems, and geointelligence. With over 55 years of experience and more than 450 missions, MDA Space is renowned for its expertise in communications satellites, Earth and space observation, and space exploration and infrastructure. The company employs over 3,800 experts across Canada, the US, and the UK, and is committed to transforming ambitious customer visions into achievable missions.
Average Trading Volume: 568,731
Technical Sentiment Signal: Buy
Current Market Cap: C$5.5B
For a thorough assessment of MDA stock, go to TipRanks’ Stock Analysis page.