EchoStar Co. (NASDAQ:SATS) Given Consensus Rating of “Hold” by Brokerages

Shares of EchoStar Co. (NASDAQ:SATS) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.00.

SATS has been the topic of several recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $12.00 target price on shares of EchoStar in a report on Monday, August 12th. UBS Group lifted their price objective on EchoStar from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. StockNews.com upgraded EchoStar to a “sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen dropped their price objective on EchoStar from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

EchoStar Price Performance

SATS opened at $18.54 on Monday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of -2.40 and a beta of 0.71. EchoStar has a 1 year low of $9.53 and a 1 year high of $20.86. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average price of $18.72 and a 200 day moving average price of $16.59.

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

Institutional Investors Weigh In On EchoStar

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in EchoStar by 125.3% during the second quarter. GAMMA Investing LLC now owns 1,442 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 802 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in EchoStar by 694.8% during the second quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 1,466 shares in the last quarter. Eagle Bay Advisors LLC boosted its holdings in EchoStar by 183.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,269 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 1,469 shares in the last quarter. Quarry LP acquired a new stake in EchoStar during the fourth quarter valued at approximately $41,000. Finally, Quest Partners LLC acquired a new stake in EchoStar during the fourth quarter valued at approximately $42,000. 33.62% of the stock is owned by institutional investors and hedge funds.

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.