EchoStar Co. (NASDAQ:SATS) Given Average Rating of “Hold” by Brokerages

EchoStar Co. (NASDAQ:SATS) has been given an average rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.75.

Several analysts have recently weighed in on SATS shares. UBS Group raised their price objective on shares of EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Morgan Stanley started coverage on shares of EchoStar in a report on Monday, December 16th. They set an “equal weight” rating and a $25.00 price objective for the company.

EchoStar Stock Up 0.2 %

NASDAQ SATS opened at $26.39 on Friday. 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 firm has a 50-day simple moving average of $27.42 and a 200 day simple moving average of $25.07. EchoStar has a twelve month low of $12.36 and a twelve month high of $32.48. The stock has a market cap of $7.56 billion, a PE ratio of -2.88 and a beta of 0.65.

EchoStar (NASDAQ:SATS) last posted its quarterly earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. On average, research analysts forecast that EchoStar will post -1.99 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Tiptree Advisors LLC bought a new stake in shares of EchoStar during the 4th quarter worth about $3,073,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of EchoStar by 38.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 306,727 shares of the communications equipment provider’s stock worth $7,024,000 after buying an additional 84,829 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of EchoStar during the 4th quarter worth about $5,457,000. Woodline Partners LP bought a new stake in shares of EchoStar during the 4th quarter worth about $524,000. Finally, Zimmer Partners LP bought a new stake in shares of EchoStar during the 4th quarter worth about $6,526,000. 33.62% of the stock is currently owned by institutional investors and hedge funds.

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.