EchoStar Co. (NASDAQ:SATS) Given Consensus Recommendation of “Hold” by Analysts

Shares of EchoStar Co. (NASDAQ:SATS) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One equities 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.75.

A number of equities research analysts have weighed in on the company. TD Cowen reduced their price objective on EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. StockNews.com upgraded shares of EchoStar to a “sell” rating in a research report on Saturday, November 9th. UBS Group increased their price target on shares of EchoStar from $15.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, Morgan Stanley began coverage on shares of EchoStar in a research note on Monday, December 16th. They issued an “equal weight” rating and a $25.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its stake in shares of EchoStar by 32.7% during the 3rd quarter. Citigroup Inc. now owns 164,534 shares of the communications equipment provider’s stock worth $4,084,000 after acquiring an additional 40,533 shares in the last quarter. Intech Investment Management LLC acquired a new position in EchoStar during the third quarter worth $651,000. Stonehill Capital Management LLC purchased a new stake in EchoStar during the third quarter worth $9,235,000. Y Intercept Hong Kong Ltd purchased a new stake in EchoStar during the third quarter worth $1,230,000. Finally, State Street Corp grew its holdings in EchoStar by 1.3% in the third quarter. State Street Corp now owns 4,776,238 shares of the communications equipment provider’s stock valued at $118,546,000 after purchasing an additional 62,674 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors and hedge funds.

EchoStar Trading Down 2.0 %

Shares of EchoStar stock opened at $29.57 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $25.86 and a 200-day simple moving average of $24.05. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of -3.23 and a beta of 0.72. EchoStar has a 12-month low of $11.83 and a 12-month high of $30.55.

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.