EchoStar (NASDAQ:SATS) Stock Rating Upgraded by StockNews.com

EchoStar (NASDAQ:SATS) was upgraded by StockNews.com to a “sell” rating in a research note issued on Tuesday.

Several other research analysts also recently commented on the stock. UBS Group lifted their target price on shares of EchoStar from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Morgan Stanley dropped their price objective on EchoStar from $14.25 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Finally, TD Cowen decreased their target price on EchoStar from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.00.

EchoStar Trading Down 0.6 %

Shares of NASDAQ:SATS opened at $17.71 on Tuesday. The stock has a market capitalization of $4.81 billion, a PE ratio of -2.30 and a beta of 0.71. The firm has a fifty day moving average price of $17.49 and a 200 day moving average price of $15.27. EchoStar has a 1 year low of $9.53 and a 1 year high of $24.80. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 0.99.

EchoStar (NASDAQ:SATS) last announced its earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.23). EchoStar had a positive return on equity of 2.26% and a negative net margin of 23.47%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Analysts expect that EchoStar will post -1.5 EPS for the current fiscal year.

Institutional Trading of EchoStar

Hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC lifted its position in EchoStar by 183.6% in the first quarter. Eagle Bay Advisors LLC now owns 2,269 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 1,469 shares during the period. Quarry LP bought a new position in EchoStar during the fourth quarter worth about $41,000. Quest Partners LLC bought a new position in EchoStar during the fourth quarter worth about $42,000. Central Pacific Bank Trust Division bought a new stake in shares of EchoStar in the 1st quarter valued at approximately $67,000. Finally, New York State Teachers Retirement System acquired a new position in shares of EchoStar in the 4th quarter worth approximately $126,000. 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.