EchoStar Co. (NASDAQ:SATS) Receives Consensus Recommendation of "Hold" from Analysts

EchoStar Co. (NASDAQ:SATS - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.25.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $12.00 target price on shares of EchoStar in a research report on Monday, August 12th. Morgan Stanley increased their target price on EchoStar from $14.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th. TD Cowen dropped their target price on EchoStar from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Raymond James cut shares of EchoStar from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 1st. Finally, UBS Group lifted their price objective on shares of EchoStar from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, August 13th.

Insider Activity at EchoStar

In related news, Chairman Charles W. Ergen acquired 1,551,355 shares of EchoStar stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of $28.04 per share, for a total transaction of $43,499,994.20. Following the transaction, the chairman now owns 1,551,355 shares of the company's stock, valued at $43,499,994.20. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 55.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SATS. GAMMA Investing LLC lifted its holdings in shares of EchoStar by 125.3% during the second quarter. GAMMA Investing LLC now owns 1,442 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 802 shares during the period. Hexagon Capital Partners LLC boosted its holdings in EchoStar by 694.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,677 shares of the communications equipment provider's stock valued at $30,000 after purchasing an additional 1,466 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of EchoStar by 122.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,199 shares of the communications equipment provider's stock worth $75,000 after buying an additional 2,315 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of EchoStar in the 2nd quarter valued at approximately $89,000. Finally, SG Americas Securities LLC purchased a new stake in shares of EchoStar in the third quarter valued at approximately $165,000. Institutional investors and hedge funds own 33.62% of the company's stock.

EchoStar Trading Down 2.7 %

Shares of NASDAQ SATS traded down $0.66 during mid-day trading on Wednesday, reaching $23.89. 425,554 shares of the company's stock were exchanged, compared to its average volume of 1,802,953. The company's 50-day moving average is $24.77 and its 200-day moving average is $21.30. 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 capitalization of $6.49 billion, a price-to-earnings ratio of -2.66 and a beta of 0.69. EchoStar has a 52-week low of $10.91 and a 52-week high of $30.08.

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.