Telesat +1.7% Holds Above $27, Analysts See Upside Potential
$TELESAT CORP(TSAT)$
Telesat Corp (TSAT) Gains +1.70%: Satellite Operator Finds Support Above $27, Analyst Targets Signal Upside Potential
Latest Close Data
TSAT closed at $27.50 on December 19, up +1.70% (+$0.46) from the previous session.
The stock traded in a range of $27.02-$28.39, sitting 25.3% below its 52-week high of $36.85 and 92.2% above its 52-week low of $14.31.
Core Market Drivers
The satellite communications company showed resilience with modest gains despite challenging market conditions.
Volume remained subdued at 76.4K shares (0.39x ratio), suggesting cautious institutional participation.
Recent capital flow data shows mixed sentiment with net outflows over the past 5 days totaling -$67.99K.
Technical Analysis
RSI indicators paint a mixed picture: 6-period RSI at 37.88 suggests oversold conditions may be easing, while 12-period RSI at 45.92 indicates neutral momentum.
MACD shows DIF at 0.624 above DEA at 0.712, generating a slight bearish divergence with MACD histogram at -0.175.
KDJ indicators reflect oversold territory with K-line at 24.96 and D-line at 45.97.
Key Price Levels
Primary Support: $25.67 (established December 17)
Immediate Resistance: $27.07 (key breakout level)
Strong Resistance: $28.39 (today's high)
Valuation Perspective
Trading at P/S ratio of 1.24x and P/B ratio of 0.84x, TSAT appears reasonably valued for the satellite sector. However, negative P/E of -3.467 reflects ongoing profitability challenges with TTM EPS of -$7.93.
Analyst Targets
Two analysts maintain coverage with an average target price of $49.33 (range: $26.67-$72.00), implying 79.4% upside potential. Current consensus: 1 Buy, 1 Hold rating.
Weekly Outlook
Expect continued consolidation in the $25.67-$28.39 range as technical indicators reset.
A decisive break above $28.39 could target the $30-32 zone, while failure to hold $25.67 support may retest the $23-24 area.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice. Trading involves substantial risk of loss.
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