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

EchoStar Co. (NASDAQ:SATS - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $23.75.

SATS has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of EchoStar from $15.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Morgan Stanley initiated coverage on EchoStar in a report on Monday, December 16th. They set an "equal weight" rating and a $25.00 price target on the stock.

EchoStar Stock Up 0.6 %

NASDAQ SATS traded up $0.16 on Friday, reaching $26.30. The company had a trading volume of 2,470,285 shares, compared to its average volume of 1,543,894. 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 $7.53 billion, a P/E ratio of -2.87 and a beta of 0.65. The company's fifty day moving average is $27.55 and its 200 day moving average is $25.20. EchoStar has a 52-week low of $12.36 and a 52-week 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, beating the consensus estimate of ($0.63) by $1.87. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. Sell-side analysts anticipate that EchoStar will post -1.99 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On EchoStar

A number of hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in EchoStar by 251.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after buying an additional 1,151 shares during the last quarter. State of Wyoming bought a new stake in EchoStar in the 4th quarter valued at about $47,000. Quarry LP lifted its holdings in EchoStar by 8,906.7% during the fourth quarter. Quarry LP now owns 4,053 shares of the communications equipment provider's stock valued at $93,000 after purchasing an additional 4,008 shares during the last quarter. Covestor Ltd increased its stake in shares of EchoStar by 189.1% in the fourth quarter. Covestor Ltd now owns 4,796 shares of the communications equipment provider's stock worth $110,000 after purchasing an additional 3,137 shares in the last quarter. Finally, KBC Group NV raised its position in shares of EchoStar by 65.1% in the fourth quarter. KBC Group NV now owns 6,684 shares of the communications equipment provider's stock valued at $153,000 after purchasing an additional 2,635 shares during the period. Institutional investors own 33.62% of the company's stock.

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.