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 six research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.00.

SATS has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $12.00 target price on shares of EchoStar in a research report on Monday, August 12th. TD Cowen cut their price objective 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. UBS Group lifted their price objective 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, StockNews.com raised shares of EchoStar to a “sell” rating in a report on Tuesday, July 30th.

EchoStar Stock Performance

EchoStar stock opened at $18.54 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.40 and a quick ratio of 0.32. EchoStar has a 1-year low of $9.53 and a 1-year high of $20.86. The firm has a market capitalization of $5.03 billion, a P/E ratio of -2.40 and a beta of 0.71. The company’s 50-day moving average is $18.72 and its 200 day moving average is $16.59.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings data on Friday, August 9th. The communications equipment provider reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.39). The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. EchoStar had a positive return on equity of 0.18% and a negative net margin of 18.65%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Research analysts forecast that EchoStar will post -2.01 EPS for the current year.

Hedge Funds Weigh In On EchoStar

Several institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio lifted its holdings in shares of EchoStar by 29.7% in the 4th quarter. Strs Ohio now owns 19,200 shares of the communications equipment provider’s stock worth $318,000 after acquiring an additional 4,400 shares during the last quarter. Xponance Inc. acquired a new stake in EchoStar during the 4th quarter worth $188,000. New York State Common Retirement Fund boosted its stake in EchoStar by 103.1% during the 4th quarter. New York State Common Retirement Fund now owns 49,120 shares of the communications equipment provider’s stock worth $814,000 after purchasing an additional 24,933 shares during the period. Yousif Capital Management LLC acquired a new stake in EchoStar during the 4th quarter worth $195,000. Finally, Russell Investments Group Ltd. boosted its stake in EchoStar by 25,776.4% during the 4th quarter. Russell Investments Group Ltd. now owns 18,631 shares of the communications equipment provider’s stock worth $309,000 after purchasing an additional 18,559 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

About EchoStar

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.