Analyst Ratings Downgrade Telesat to “Reduce” as MSC Income Fund Gains “Moderate Buy” Consensus

Telesat Corporation (NASDAQ:TSAT) received an average analyst recommendation of “Reduce” from six research firms, with two analysts rating the stock as a sell, three as hold and one as buy. The consensus 12‑month price target is $33.50. Recent actions include Zacks Research lowering its rating to hold, New Street Research initiating coverage with a sell rating and $30 price target, Wall Street Zen moving to a strong‑sell, and Scotiabank assigning a hold. Institutional investors such as Gamco, PenderFund, Vestcor, Senvest and Millennium Management increased their stakes in the company during the latest quarters.

MSC Income Fund (NYSE:MSIF) earned an average “Moderate Buy” rating from six analysts, comprising three holds, two buys and one strong buy. The consensus 12‑month price target is $13.88. Analysts at Truist, Royal Bank of Canada, B. Riley, Zacks and UBS adjusted their ratings and price targets in recent weeks. The fund’s shares opened at $11.77, with a market capitalization of $555.13 million. MSC reported earnings of $0.33 per share for the quarter, missing consensus estimates, and announced a special dividend of $0.03 payable on December 23. CEO Dwayne L. Hyzak purchased nearly 6,000 shares in late June.