EchoStar Co. (NASDAQ:SATS) Receives $23.75 Average PT from Analysts

EchoStar Co. (NASDAQ:SATS) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.75.

SATS has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Morgan Stanley began coverage on shares of EchoStar in a report on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price target for the company.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Diameter Capital Partners LP boosted its stake in shares of EchoStar by 523.7% during the 4th quarter. Diameter Capital Partners LP now owns 5,026,823 shares of the communications equipment provider’s stock worth $115,114,000 after buying an additional 4,220,853 shares during the last quarter. Darsana Capital Partners LP raised its holdings in EchoStar by 133.3% during the fourth quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider’s stock worth $160,300,000 after acquiring an additional 4,000,000 shares in the last quarter. Deutsche Bank AG boosted its position in EchoStar by 325.3% during the fourth quarter. Deutsche Bank AG now owns 940,950 shares of the communications equipment provider’s stock valued at $21,548,000 after purchasing an additional 719,685 shares during the last quarter. Invesco Ltd. grew its stake in EchoStar by 26.0% in the fourth quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider’s stock valued at $52,701,000 after purchasing an additional 474,313 shares in the last quarter. Finally, Stonehill Capital Management LLC acquired a new position in shares of EchoStar during the 3rd quarter worth approximately $9,235,000. Institutional investors own 33.62% of the company’s stock.

EchoStar Price Performance

Shares of SATS stock opened at $25.86 on Friday. EchoStar has a 52 week low of $12.36 and a 52 week high of $32.48. The stock has a market capitalization of $7.41 billion, a PE ratio of -2.82 and a beta of 0.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The stock’s fifty day moving average is $27.67 and its 200-day moving average is $25.31.

EchoStar (NASDAQ:SATS) last issued its earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $1.87. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Equities research analysts expect that EchoStar will post -1.99 EPS for the current fiscal year.

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.