Here's Why Telesat (TSAT) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Telesat (TSAT) - Telesat currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - Over the past week, TSAT shares increased by 4.98%, while the Zacks Satellite and Communication industry rose by 5.32% [6]. - In a longer timeframe, TSAT's monthly price change is 54.1%, significantly outperforming the industry's 23.19% [6]. - Over the last three months, TSAT shares have risen by 41.93%, and over the past year, they have surged by 188.55%, compared to the S&P 500's increases of 10.83% and 14.92%, respectively [7]. Trading Volume - TSAT's average 20-day trading volume is 140,767 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - In the past two months, one earnings estimate for TSAT has increased, while none have decreased, leading to a consensus estimate improvement from -$2.87 to -$2.21 [10]. - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10]. Conclusion - Given the positive performance metrics and earnings outlook, TSAT is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11].