EchoStar Corporation (NASDAQ:SATS) Receives Consensus Recommendation of "Hold" from Analysts

Shares of EchoStar Corporation (NASDAQ:SATS - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $23.75.

Separately, Citigroup reaffirmed a "neutral" rating on shares of EchoStar in a report on Monday.

EchoStar Stock Up 2.0%

Shares of NASDAQ SATS opened at $24.87 on Thursday. EchoStar has a 12-month low of $14.79 and a 12-month high of $32.48. The stock's fifty day simple moving average is $21.19 and its two-hundred day simple moving average is $24.23. The stock has a market capitalization of $7.15 billion, a PE ratio of -33.16 and a beta of 0.74. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 1.26.

EchoStar (NASDAQ:SATS - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The communications equipment provider reported ($0.71) earnings per share for the quarter, beating analysts' consensus estimates of ($0.90) by $0.19. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.87 billion. EchoStar had a negative net margin of 1.37% and a negative return on equity of 1.08%. The company's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned ($0.40) EPS. As a group, analysts expect that EchoStar will post -1.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in EchoStar by 309.6% during the fourth quarter. Van ECK Associates Corp now owns 133,108 shares of the communications equipment provider's stock worth $3,048,000 after purchasing an additional 100,608 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of EchoStar by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 585,990 shares of the communications equipment provider's stock valued at $13,419,000 after buying an additional 16,999 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in EchoStar in the 4th quarter valued at $2,404,000. Bank of New York Mellon Corp increased its holdings in EchoStar by 15.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,019,809 shares of the communications equipment provider's stock worth $23,354,000 after acquiring an additional 133,819 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in EchoStar by 30.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 69,076 shares of the communications equipment provider's stock worth $1,582,000 after acquiring an additional 16,253 shares during the period. Hedge funds and other institutional investors own 33.62% of the company's stock.

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.

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