EchoStar Corporation (NASDAQ:SATS) Receives $23.75 Consensus Price Target from Brokerages

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

Separately, Citigroup reiterated a "neutral" rating on shares of EchoStar in a report on Monday, June 16th.

EchoStar Price Performance

Shares of NASDAQ SATS traded up $0.25 during mid-day trading on Thursday, reaching $25.12. The company had a trading volume of 6,386,448 shares, compared to its average volume of 2,186,688. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 1.26. The stock has a market cap of $7.22 billion, a PE ratio of -33.49 and a beta of 0.74. The company has a 50-day moving average price of $21.30 and a two-hundred day moving average price of $24.24. EchoStar has a 1-year low of $14.79 and a 1-year high of $32.48.

EchoStar (NASDAQ:SATS - Get Free Report) last issued 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. EchoStar had a negative return on equity of 1.08% and a negative net margin of 1.37%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the company posted ($0.40) earnings per share. EchoStar's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts anticipate that EchoStar will post -1.99 earnings per share for the current year.

Institutional Trading of EchoStar

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in EchoStar by 8,125.0% during the first quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 975 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in EchoStar by 251.3% during the fourth 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 during the last quarter. Fifth Third Bancorp boosted its position in 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 last quarter. State of Wyoming acquired a new stake in EchoStar during the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC boosted its position in EchoStar by 39.6% during the first quarter. GAMMA Investing LLC now owns 3,441 shares of the communications equipment provider's stock valued at $88,000 after purchasing an additional 976 shares during the last quarter. Institutional investors and hedge funds 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.