EchoStar Co. (NASDAQ:SATS) Receives $23.75 Consensus PT from Brokerages

EchoStar Co. (NASDAQ:SATS) has earned a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $23.75.

A number of research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on EchoStar in a report on Monday, December 16th. They issued an “equal weight” rating and a $25.00 target price on the stock. UBS Group upped their price objective on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th.

EchoStar Price Performance

Shares of NASDAQ SATS opened at $26.14 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. EchoStar has a twelve month low of $12.36 and a twelve month high of $32.48. The stock has a 50 day moving average of $27.55 and a two-hundred day moving average of $25.20. The stock has a market cap of $7.49 billion, a P/E ratio of -2.85 and a beta of 0.65.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Diameter Capital Partners LP increased its position in shares of EchoStar by 523.7% in the fourth quarter. Diameter Capital Partners LP now owns 5,026,823 shares of the communications equipment provider’s stock valued at $115,114,000 after buying an additional 4,220,853 shares in the last quarter. Darsana Capital Partners LP boosted its stake in shares of 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 valued at $160,300,000 after acquiring an additional 4,000,000 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of 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 acquiring an additional 719,685 shares during the last quarter. Invesco Ltd. boosted its stake in shares of EchoStar by 26.0% during the fourth quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider’s stock valued at $52,701,000 after acquiring an additional 474,313 shares during the last quarter. Finally, Stonehill Capital Management LLC acquired a new stake in shares of EchoStar during the third quarter valued at $9,235,000. Hedge funds and other institutional investors own 33.62% of the company’s stock.

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.