Telesat Completes Major Equity Distribution of Lightspeed Business

Telesat Corp ( (TSE:TSAT) ) has provided an update.

On September 12, 2025, Telesat announced the completion of a significant equity distribution, transferring 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary wholly owned by Telesat Canada’s parent entities. This transaction does not affect the company’s operations, but it marks a strategic move in managing its business structure, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (TSE:TSAT) stock is a Hold with a C$28.00 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 TSE:TSAT Stock

According to Spark, TipRanks’ AI Analyst, TSE:TSAT is a Neutral.

Telesat Corp’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. Technical analysis provides mixed signals, while valuation metrics are unattractive due to negative earnings. The earnings call offered some positive developments, but these were not enough to offset the broader financial challenges.

To see Spark’s full report on TSE:TSAT stock, click here.

More about Telesat Corp

Telesat is one of the largest and most successful global satellite operators, known for its engineering excellence, reliability, and industry-leading customer service. The company collaborates with customers to deliver critical connectivity solutions, addressing complex communications challenges. Telesat Lightspeed, its Low Earth Orbit satellite network, is designed to meet the needs of telecom, government, maritime, and aeronautical sectors, offering high-capacity, secure, and resilient connectivity with fiber-like speeds.

Average Trading Volume: 14,969

Technical Sentiment Signal: Buy

Current Market Cap: C$445.6M

For an in-depth examination of TSAT stock, go to TipRanks’ Overview page.