EchoStar Co. (NASDAQ:SATS) Receives Consensus Rating of “Hold” from Analysts

Shares of EchoStar Co. (NASDAQ:SATS) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.75.

Several research firms have weighed in on SATS. UBS Group lifted their target price on EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley began coverage on EchoStar in a research report on Monday, December 16th. They issued an “equal weight” rating and a $25.00 target price for the company. TD Cowen dropped their target price on EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, StockNews.com raised EchoStar to a “sell” rating in a research report on Saturday, November 9th.

EchoStar Stock Performance

NASDAQ SATS opened at $29.57 on Monday. The company has a market cap of $8.04 billion, a P/E ratio of -3.23 and a beta of 0.72. 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 50-day moving average of $25.86 and a two-hundred day moving average of $24.12. EchoStar has a 1-year low of $11.83 and a 1-year high of $30.55.

Hedge Funds Weigh In On EchoStar

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position 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 worth $37,000 after buying an additional 1,151 shares in the last quarter. State of Wyoming acquired a new position in EchoStar in the fourth quarter valued at approximately $47,000. Quarry LP boosted its holdings in EchoStar by 8,906.7% in the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider’s stock valued at $93,000 after purchasing an additional 4,008 shares in 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 valued at $110,000 after purchasing an additional 3,137 shares in the last quarter. Finally, KBC Group NV boosted its holdings in EchoStar by 65.1% in the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider’s stock valued at $153,000 after purchasing an additional 2,635 shares in the last quarter. 33.62% of the stock is owned by institutional investors and hedge funds.

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.