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

Shares of EchoStar Co. (NASDAQ:SATS) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.00.

A number of research firms have recently commented on SATS. TD Cowen reduced their price objective on shares of EchoStar from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $12.00 price target on shares of EchoStar in a research report on Monday, August 12th. StockNews.com raised shares of EchoStar to a “sell” rating in a research report on Tuesday, July 30th. UBS Group lifted their price objective on shares of EchoStar from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley upped their target price on shares of EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, September 13th.

EchoStar Stock Down 3.2 %

Shares of NASDAQ SATS opened at $25.33 on Friday. EchoStar has a 1 year low of $9.53 and a 1 year high of $27.15. The firm’s 50-day moving average is $20.34 and its 200-day moving average is $17.82. 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 firm has a market capitalization of $6.88 billion, a PE ratio of -3.29 and a beta of 0.70.

EchoStar (NASDAQ:SATS) last issued its earnings results 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 positive return on equity of 0.18% and a negative net margin of 18.65%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the business posted $0.39 EPS. EchoStar’s quarterly revenue was down 9.3% on a year-over-year basis. Equities analysts expect that EchoStar will post -1.81 EPS for the current year.

Institutional Trading of EchoStar

Several institutional investors have recently made changes to their positions in SATS. Vanguard Group Inc. raised its holdings in shares of EchoStar by 238.7% in the 1st quarter. Vanguard Group Inc. now owns 13,707,909 shares of the communications equipment provider’s stock worth $195,338,000 after purchasing an additional 9,661,167 shares during the period. Pennant Select LLC purchased a new stake in EchoStar in the 4th quarter worth about $36,892,000. Pennant Investors LP bought a new stake in EchoStar in the 4th quarter valued at about $35,679,000. Darsana Capital Partners LP purchased a new stake in EchoStar during the second quarter valued at about $36,908,000. Finally, Monarch Alternative Capital LP bought a new position in EchoStar during the first quarter worth about $21,375,000. Institutional investors own 33.62% of the company’s stock.

About EchoStar

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.