EchoStar (NASDAQ:SATS) Hits New 1-Year High – Should You Buy?

EchoStar Co. (NASDAQ:SATS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $30.15 and last traded at $30.12, with a volume of 601728 shares changing hands. The stock had previously closed at $29.26.

Analyst Upgrades and Downgrades

SATS has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. StockNews.com upgraded shares of EchoStar to a “sell” rating in a report on Saturday, November 9th. TD Cowen decreased their price objective on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, Morgan Stanley initiated coverage on shares of EchoStar in a research note on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.75.

EchoStar Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm has a market cap of $8.20 billion, a P/E ratio of -3.29 and a beta of 0.72. The business has a fifty day simple moving average of $25.60 and a 200-day simple moving average of $23.92.

Institutional Investors Weigh In On EchoStar

Hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of EchoStar by 251.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 1,151 shares during the last quarter. State of Wyoming bought a new position in EchoStar during the 4th quarter valued at approximately $47,000. Quarry LP raised its stake in EchoStar by 8,906.7% during the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider’s stock valued at $93,000 after buying an additional 4,008 shares during the last quarter. Covestor Ltd boosted its holdings in EchoStar by 189.1% in the fourth quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider’s stock worth $110,000 after acquiring an additional 3,137 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of EchoStar by 65.1% in the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 2,635 shares during the last quarter. 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.