EchoStar Corporation (NASDAQ:SATS - Get Free Report) has been given an average recommendation of "Hold" by the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.70.
Separately, Citigroup raised their price objective on shares of EchoStar from $27.00 to $28.50 and gave the company a "neutral" rating in a research report on Monday, June 23rd.
Get Our Latest Stock Analysis on SATS
EchoStar Stock Up 1.3%
SATS opened at $27.35 on Friday. The stock has a market capitalization of $7.86 billion, a P/E ratio of -26.05 and a beta of 0.94. EchoStar has a one year low of $14.79 and a one year high of $34.20. The business's 50-day simple moving average is $25.99 and its 200-day simple moving average is $25.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.19 and a current ratio of 1.22.
EchoStar (NASDAQ:SATS - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The communications equipment provider reported ($1.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.12) by $0.06. EchoStar had a negative return on equity of 1.58% and a negative net margin of 2.04%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company posted ($0.76) earnings per share. The business's revenue was down 5.8% on a year-over-year basis. Analysts anticipate that EchoStar will post -1.99 EPS for the current year.
Institutional Investors Weigh In On EchoStar
Several institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of EchoStar by 8,125.0% in the first quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 975 shares in the last quarter. State of Wyoming acquired a new stake in EchoStar in the 4th quarter valued at $47,000. Fifth Third Bancorp raised its stake in shares of EchoStar by 44.5% during the first quarter. Fifth Third Bancorp now owns 1,841 shares of the communications equipment provider's stock valued at $47,000 after purchasing an additional 567 shares during the period. GAMMA Investing LLC lifted its stake in shares of EchoStar by 39.6% in the first quarter. GAMMA Investing LLC now owns 3,441 shares of the communications equipment provider's stock worth $88,000 after acquiring an additional 976 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in EchoStar by 70,980.0% during the 1st quarter. Brooklyn Investment Group now owns 3,554 shares of the communications equipment provider's stock valued at $91,000 after acquiring an additional 3,549 shares during the last quarter. 33.62% of the stock is currently owned by hedge funds and other institutional investors.
EchoStar Company Profile
(
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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.
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