EchoStar Co. (NASDAQ:SATS) Receives Consensus Rating of “Hold” from Analysts

Shares of EchoStar Co. (NASDAQ:SATS) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.75.

Several brokerages have recently issued reports on SATS. UBS Group increased their price target on shares of EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. StockNews.com raised shares of EchoStar to a “sell” rating in a research note on Saturday, November 9th. TD Cowen decreased their price target on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Morgan Stanley assumed coverage on EchoStar in a research report on Monday, December 16th. They set an “equal weight” rating and a $25.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of EchoStar by 251.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 1,151 shares in the last quarter. State of Wyoming acquired a new stake in EchoStar in the fourth quarter valued at $47,000. Quarry LP raised its stake in EchoStar by 8,906.7% in the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider’s stock valued at $93,000 after buying an additional 4,008 shares in the last quarter. Covestor Ltd lifted its holdings in EchoStar by 189.1% during the 4th quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider’s stock worth $110,000 after buying an additional 3,137 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of EchoStar during the 3rd quarter worth about $165,000. Institutional investors and hedge funds own 33.62% of the company’s stock.

EchoStar Price Performance

SATS stock opened at $29.57 on Monday. The business’s fifty day moving average price is $25.86 and its 200 day moving average price is $24.05. EchoStar has a 12-month low of $11.83 and a 12-month high of $30.55. The company has a market capitalization of $8.04 billion, a PE ratio of -3.23 and a beta of 0.72. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11.

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.