EchoStar Co. (NASDAQ:SATS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of EchoStar Co. (NASDAQ:SATS) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.00.

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price objective on EchoStar from $14.25 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. JPMorgan Chase & Co. began coverage on EchoStar in a report on Wednesday, January 17th. They issued a “neutral” rating and a $18.00 target price on the stock. TD Cowen lowered their target price on EchoStar from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. StockNews.com began coverage on EchoStar in a report on Saturday, April 13th. They issued a “sell” rating on the stock. Finally, UBS Group raised their target price on EchoStar from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th.

EchoStar Stock Down 0.1 %

SATS opened at $16.00 on Tuesday. EchoStar has a fifty-two week low of $9.53 and a fifty-two week high of $24.80. The business has a 50-day moving average of $13.91 and a 200-day moving average of $13.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.61 and a quick ratio of 0.53. The company has a market capitalization of $4.34 billion, a PE ratio of -2.30 and a beta of 0.69.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $1.19. EchoStar had a positive return on equity of 5.24% and a negative net margin of 36.33%. The company had revenue of $4.16 billion during the quarter. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 732.2% on a year-over-year basis. Equities research analysts forecast that EchoStar will post -1.28 EPS for the current fiscal year.

Insider Transactions at EchoStar

In other news, Director James Defranco acquired 70,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $13.14 per share, with a total value of $919,800.00. Following the acquisition, the director now owns 176,951 shares of the company’s stock, valued at $2,325,136.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 55.90% of the stock is owned by insiders.

Institutional Trading of EchoStar

Institutional investors have recently modified their holdings of the company. Yousif Capital Management LLC lifted its position in shares of EchoStar by 358.4% during the 1st quarter. Yousif Capital Management LLC now owns 54,019 shares of the communications equipment provider’s stock worth $770,000 after buying an additional 42,235 shares during the period. New York State Teachers Retirement System lifted its position in shares of EchoStar by 1,422.1% during the 1st quarter. New York State Teachers Retirement System now owns 115,360 shares of the communications equipment provider’s stock worth $1,644,000 after buying an additional 107,781 shares during the period. Krilogy Financial LLC bought a new position in shares of EchoStar during the 1st quarter worth approximately $353,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of EchoStar by 176.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 206,722 shares of the communications equipment provider’s stock worth $2,946,000 after buying an additional 131,889 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in shares of EchoStar by 272.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 43,826 shares of the communications equipment provider’s stock worth $614,000 after buying an additional 32,071 shares during the period. 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.