Echostar Co. (SATS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Echostar Co. (NASDAQ:SATS) have been given a consensus rating of “Hold” by the five brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $59.00.

SATS has been the topic of a number of recent research reports. Citigroup cut their target price on Echostar from $72.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, December 17th. Zacks Investment Research upgraded Echostar from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Saturday, January 19th. Finally, BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a report on Friday, January 4th.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc lifted its stake in Echostar by 24.1% during the 3rd quarter. Vanguard Group Inc now owns 4,213,613 shares of the communications equipment provider’s stock valued at $195,386,000 after acquiring an additional 817,044 shares in the last quarter. Vanguard Group Inc. lifted its stake in Echostar by 24.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,213,613 shares of the communications equipment provider’s stock valued at $195,386,000 after acquiring an additional 817,044 shares in the last quarter. BlackRock Inc. lifted its stake in Echostar by 1.4% during the 4th quarter. BlackRock Inc. now owns 2,211,740 shares of the communications equipment provider’s stock valued at $81,215,000 after acquiring an additional 29,855 shares in the last quarter. Brown Advisory Inc. lifted its stake in Echostar by 6.4% during the 3rd quarter. Brown Advisory Inc. now owns 1,493,882 shares of the communications equipment provider’s stock valued at $69,272,000 after acquiring an additional 89,911 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Echostar by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,447,636 shares of the communications equipment provider’s stock valued at $53,157,000 after acquiring an additional 137,693 shares in the last quarter. Institutional investors and hedge funds own 46.24% of the company’s stock.

Shares of Echostar stock traded down $0.13 on Thursday, reaching $37.17. 701,800 shares of the company’s stock were exchanged, compared to its average volume of 388,542. Echostar has a 52 week low of $33.58 and a 52 week high of $58.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.61 and a current ratio of 2.66. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 97.82 and a beta of 0.94.

Echostar (NASDAQ:SATS) last issued its earnings results on Thursday, February 21st. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Echostar had a positive return on equity of 0.89% and a negative net margin of 1.91%. The firm had revenue of $530.70 million during the quarter, compared to the consensus estimate of $546.55 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. Echostar’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Echostar will post 0.55 EPS for the current year.

Echostar Company Profile

EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services for home and small office customers, satellite operations, and satellite services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.

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