2024-07-25 15:51:07 ET
Summary
- SATS has recently resumed dividend payments after suspending distributions for three consecutive fiscal years (FY 2021-2023).
- The company has set ambitious long-term financial goals, which I think are achievable and will drive a re-rating of its valuations.
- I have raised my rating for SATS to a Buy, as I am positive on the company's dividend re-initiation and prospects for the long run.
My rating for SATS Ltd. ( SPASF ) [S58:SP] stock is a Buy. I am encouraged by the company's resumption of dividend payments, and I have confidence in SATS' ability to expand its revenue and improve ROE in the years ahead. As such, I have made the decision to revise my rating for SATS from a Hold to a Buy....
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For further details see:
SATS: Watch Dividend Re-Initiation And Long-Term Targets (Rating Upgrade)