Shares of EchoStar Co. (NASDAQ:SATS – Get Free Report) have been given an average rating of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.50.
A number of analysts recently issued reports on SATS shares. Morgan Stanley assumed coverage on EchoStar in a report on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price target for the company. TD Cowen lowered their target price on EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. StockNews.com upgraded EchoStar to a “sell” rating in a research note on Saturday, November 9th. Finally, Raymond James lowered shares of EchoStar from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st.
View Our Latest Stock Report on EchoStar
Insiders Place Their Bets
Institutional Trading of EchoStar
Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in EchoStar by 54.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,231 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 789 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of EchoStar during the second quarter valued at about $89,000. SG Americas Securities LLC purchased a new position in shares of EchoStar in the 3rd quarter valued at approximately $165,000. XTX Topco Ltd acquired a new stake in EchoStar in the 2nd quarter worth approximately $183,000. Finally, Choreo LLC purchased a new stake in EchoStar during the 2nd quarter worth approximately $186,000. Institutional investors and hedge funds own 33.62% of the company’s stock.
EchoStar Price Performance
EchoStar stock opened at $23.11 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of -2.52 and a beta of 0.70. The firm has a 50-day moving average of $23.87 and a two-hundred day moving average of $22.04. EchoStar has a 1 year low of $11.83 and a 1 year high of $30.08.
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.
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