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

Shares of EchoStar Co. (NASDAQ:SATS - Get Free Report) have been given an average rating of "Hold" by the five research firms that are currently covering the company, MarketBeat Ratings reports. One 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 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.75.

A number of brokerages recently weighed in on SATS. Morgan Stanley initiated coverage on shares of EchoStar in a research note on Monday, December 16th. They set an "equal weight" rating and a $25.00 price objective on the stock. UBS Group upped 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.

EchoStar Stock Performance

NASDAQ:SATS traded up $0.38 during trading hours on Tuesday, reaching $22.48. 2,426,053 shares of the stock were exchanged, compared to its average volume of 1,734,937. 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 stock has a market capitalization of $6.44 billion, a P/E ratio of -2.45 and a beta of 0.72. EchoStar has a 52 week low of $13.49 and a 52 week high of $32.48. The firm has a 50 day simple moving average of $26.95 and a 200-day simple moving average of $25.43.

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

Hedge Funds Weigh In On EchoStar

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in EchoStar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,737,733 shares of the communications equipment provider's stock valued at $314,594,000 after purchasing an additional 88,488 shares during the last quarter. Darsana Capital Partners LP lifted its position in shares of EchoStar by 133.3% during 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 acquiring an additional 4,000,000 shares during the last quarter. Diameter Capital Partners LP lifted its position in shares of EchoStar by 523.7% during 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 acquiring an additional 4,220,853 shares during the last quarter. State Street Corp boosted its stake in shares of EchoStar by 1.3% during the 3rd quarter. State Street Corp now owns 4,776,238 shares of the communications equipment provider's stock worth $118,546,000 after acquiring an additional 62,674 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of EchoStar by 1.0% in the 4th quarter. American Century Companies Inc. now owns 2,992,060 shares of the communications equipment provider's stock worth $68,518,000 after acquiring an additional 28,779 shares during the last quarter. 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.