EchoStar (NASDAQ:SATS) Upgraded at StockNews.com

StockNews.com upgraded shares of EchoStar (NASDAQ:SATS) to a sell rating in a report published on Saturday.

SATS has been the topic of several other reports. TD Cowen lowered their price target on shares of EchoStar from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $12.00 price target on shares of EchoStar in a research report on Monday, August 12th. Raymond James lowered EchoStar from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 1st. UBS Group lifted their target price on shares of EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Finally, Morgan Stanley increased their price target on shares of EchoStar from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.00.

EchoStar Stock Down 12.9 %

SATS stock opened at $22.76 on Friday. The company has a market capitalization of $6.18 billion, a P/E ratio of -2.65 and a beta of 0.70. EchoStar has a 12 month low of $9.53 and a 12 month high of $30.08. The firm’s fifty day simple moving average is $24.73 and its 200-day simple moving average is $20.53. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.40 and a quick ratio of 0.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in EchoStar by 125.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,442 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 802 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in EchoStar by 694.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock valued at $30,000 after buying an additional 1,466 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in EchoStar by 183.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,269 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 1,469 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in EchoStar by 122.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,199 shares of the communications equipment provider’s stock worth $75,000 after buying an additional 2,315 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in EchoStar during the 2nd quarter worth approximately $89,000. 33.62% of the stock is owned by institutional investors and hedge funds.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.