EchoStar Co. (NASDAQ:SATS) Given Consensus Rating of “Hold” by Analysts

EchoStar Co. (NASDAQ:SATS) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.75.

Several research firms recently weighed in on SATS. Morgan Stanley started coverage on shares of EchoStar in a research note on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price for the company. UBS Group lifted their target price on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th.

Institutional Trading of EchoStar

Several hedge funds have recently made changes to their positions in the business. Diameter Capital Partners LP increased its stake in EchoStar by 523.7% during the fourth quarter. Diameter Capital Partners LP now owns 5,026,823 shares of the communications equipment provider’s stock worth $115,114,000 after acquiring an additional 4,220,853 shares during the last quarter. Darsana Capital Partners LP increased its position in shares of EchoStar by 133.3% during the 4th quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider’s stock valued at $160,300,000 after purchasing an additional 4,000,000 shares during the last quarter. Deutsche Bank AG raised its holdings in EchoStar by 325.3% during the 4th quarter. Deutsche Bank AG now owns 940,950 shares of the communications equipment provider’s stock valued at $21,548,000 after buying an additional 719,685 shares during the period. Invesco Ltd. lifted its position in EchoStar by 26.0% in the fourth quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider’s stock worth $52,701,000 after buying an additional 474,313 shares during the last quarter. Finally, FIL Ltd boosted its stake in EchoStar by 139.9% during the fourth quarter. FIL Ltd now owns 601,250 shares of the communications equipment provider’s stock worth $13,769,000 after buying an additional 350,650 shares during the period. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

EchoStar Price Performance

Shares of EchoStar stock opened at $22.74 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. EchoStar has a 52 week low of $13.49 and a 52 week high of $32.48. The stock’s 50-day simple moving average is $26.84 and its 200-day simple moving average is $25.39. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of -2.48 and a beta of 0.72.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.63) by $1.87. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. As a group, analysts expect that EchoStar will post -1.99 earnings per share for the current fiscal year.

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.