Yahoo · Oct 26, 2026
Telesat shares rally as CIBC highlights undervalued Lightspeed LEO asset
Investing.com -- Telesat Corp (NASDAQ:TSAT) shares gained 5.6% on Monday after CIBC initiated coverage of the satellite communications provider with an Outperformer rating and a C$105 price target. The brokerage highlighted that while the market remains preoccupied with the company’s legacy geostationary (GEO) debt, Telesat is nearing the finish line of a multi-year pivot toward its fully funded, 225-satellite Lightspeed low Earth orbit (LEO) constellation.

