Brokerages Set EchoStar Co. (NASDAQ:SATS) Target Price at $23.75

Shares of EchoStar Co. (NASDAQ:SATS - Get Free Report) have received a consensus rating of "Hold" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.75.

Several analysts have commented on the stock. UBS Group raised their target price on shares of EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Morgan Stanley assumed coverage on shares of EchoStar in a research report on Monday, December 16th. They set an "equal weight" rating and a $25.00 price objective for the company.

Institutional Investors Weigh In On EchoStar

A number of institutional investors have recently modified their holdings of SATS. Diameter Capital Partners LP boosted 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 acquiring an additional 4,220,853 shares during the period. Darsana Capital Partners LP boosted its position in shares of EchoStar by 133.3% in 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 period. Deutsche Bank AG boosted its position in shares of EchoStar by 325.3% in 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 period. Invesco Ltd. boosted its position in shares of EchoStar by 26.0% in 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 period. Finally, Stonehill Capital Management LLC bought a new stake in shares of EchoStar in the third quarter valued at about $9,235,000. Institutional investors own 33.62% of the company's stock.

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EchoStar Stock Up 1.7 %

SATS stock traded up $0.45 during mid-day trading on Friday, hitting $26.58. 619,776 shares of the company were exchanged, compared to its average volume of 1,538,942. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market cap of $7.61 billion, a P/E ratio of -2.90 and a beta of 0.65. The firm's 50 day simple moving average is $27.73 and its 200 day simple moving average is $25.31. EchoStar has a 1-year low of $12.36 and a 1-year high of $32.48.

EchoStar (NASDAQ:SATS - Get Free Report) last announced its earnings results on Thursday, February 27th. The communications equipment provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.63) by $1.87. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. On average, sell-side analysts predict that EchoStar will post -1.99 EPS for the current fiscal year.

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.