EchoStar Co. (NASDAQ:SATS) Receives Average Rating of "Hold" from Brokerages

EchoStar Co. (NASDAQ:SATS - Get Free Report) has been assigned a consensus rating of "Hold" from the five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.75.

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

Institutional Trading of EchoStar

Institutional investors have recently made changes to their positions in the business. Diameter Capital Partners LP boosted its stake 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 worth $115,114,000 after purchasing an additional 4,220,853 shares during the period. Darsana Capital Partners LP boosted its position in shares of EchoStar by 133.3% during the fourth quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the communications equipment provider's stock worth $160,300,000 after acquiring an additional 4,000,000 shares during the last quarter. Deutsche Bank AG grew its stake in EchoStar by 325.3% during 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 in the last quarter. Invesco Ltd. grew its position in shares of EchoStar by 26.0% during the fourth quarter. Invesco Ltd. now owns 2,301,367 shares of the communications equipment provider's stock valued at $52,701,000 after purchasing an additional 474,313 shares in the last quarter. Finally, Stonehill Capital Management LLC bought a new position in shares of EchoStar during the 3rd quarter valued at approximately $9,235,000. Hedge funds and other institutional investors own 33.62% of the company's stock.

EchoStar Stock Performance

NASDAQ:SATS traded up $0.16 during trading hours on Monday, reaching $30.17. The company had a trading volume of 1,554,190 shares, compared to its average volume of 1,701,427. The firm's 50 day moving average price is $25.60 and its 200-day moving average price is $23.92. EchoStar has a 52 week low of $11.83 and a 52 week high of $30.55. 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 firm has a market cap of $8.20 billion, a price-to-earnings ratio of -3.29 and a beta of 0.72.

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.