EchoStar Co. (NASDAQ:SATS) Receives $23.75 Average Target Price from Analysts

EchoStar Co. (NASDAQ:SATS) has received an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned 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.

Several brokerages have issued reports on SATS. Morgan Stanley began 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. StockNews.com raised shares of EchoStar to a “sell” rating in a research note on Saturday, November 9th. TD Cowen reduced their price target on EchoStar from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, UBS Group lifted their price target on EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 13th.

EchoStar Trading Down 2.0 %

Shares of SATS opened at $29.57 on Monday. EchoStar has a 52-week low of $11.83 and a 52-week high of $30.55. 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’s fifty day moving average is $25.86 and its two-hundred day moving average is $24.12. The stock has a market cap of $8.04 billion, a PE ratio of -3.23 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SATS. Diameter Capital Partners LP raised its holdings in EchoStar by 523.7% in the 4th 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 during the period. Darsana Capital Partners LP raised its holdings in EchoStar by 133.3% in the 4th quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider’s stock valued at $160,300,000 after buying an additional 4,000,000 shares during the period. Deutsche Bank AG raised its holdings in EchoStar by 325.3% in the 4th quarter. Deutsche Bank AG now owns 940,950 shares of the communications equipment provider’s stock valued at $21,548,000 after buying an additional 719,685 shares during the period. Invesco Ltd. raised its holdings in EchoStar by 26.0% in the 4th quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider’s stock valued at $52,701,000 after buying an additional 474,313 shares during the period. Finally, Stonehill Capital Management LLC purchased a new stake in EchoStar in the 3rd quarter valued at about $9,235,000. Hedge funds and other 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.