Echostar (SATS) – Investment Research Analysts’ Weekly Ratings Changes

Echostar (SATS) – Investment Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Echostar (NASDAQ: SATS):

2/2/2019 – Echostar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband internet services for home and small office customers. They also deliver innovative network technologies, managed services, and various communications solutions for aeronautical, enterprise and government customers. “

2/1/2019 – Echostar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband internet services for home and small office customers. They also deliver innovative network technologies, managed services, and various communications solutions for aeronautical, enterprise and government customers. “

1/26/2019 – Echostar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband internet services for home and small office customers. They also deliver innovative network technologies, managed services, and various communications solutions for aeronautical, enterprise and government customers. “

1/25/2019 – Echostar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband internet services for home and small office customers. They also deliver innovative network technologies, managed services, and various communications solutions for aeronautical, enterprise and government customers. “

1/19/2019 – Echostar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “EchoStar is a global provider of satellite service operations, video delivery services, broadband satellite technologies and broadband internet services for home and small office customers. They also deliver innovative network technologies, managed services, and various communications solutions for aeronautical, enterprise and government customers. “

1/4/2019 – Echostar was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

12/18/2018 – Echostar was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

12/17/2018 – Echostar had its price target lowered by analysts at Citigroup Inc from $72.00 to $67.00. They now have a “buy” rating on the stock.

Shares of Echostar stock traded up $0.06 on Monday, reaching $41.52. 2,200 shares of the stock were exchanged, compared to its average volume of 371,404. Echostar Co. has a one year low of $33.58 and a one year high of $60.97. The company has a current ratio of 2.70, a quick ratio of 2.65 and a debt-to-equity ratio of 0.61. The company has a market cap of $3.99 billion, a PE ratio of 49.43 and a beta of 0.98.

Echostar (NASDAQ:SATS) last issued its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $554.60 million. Echostar had a net margin of 18.63% and a return on equity of 1.10%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Research analysts forecast that Echostar Co. will post 0.51 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. CenturyLink Investment Management Co raised its stake in shares of Echostar by 6.4% during the fourth quarter. CenturyLink Investment Management Co now owns 28,158 shares of the communications equipment provider’s stock valued at $1,034,000 after acquiring an additional 1,689 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Echostar by 24.1% during the third quarter. Vanguard Group Inc now owns 4,213,613 shares of the communications equipment provider’s stock valued at $195,386,000 after acquiring an additional 817,044 shares during the last quarter. NJ State Employees Deferred Compensation Plan raised its stake in shares of Echostar by 40.0% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 14,000 shares of the communications equipment provider’s stock valued at $649,000 after acquiring an additional 4,000 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Echostar by 105.9% during the third quarter. Jane Street Group LLC now owns 15,590 shares of the communications equipment provider’s stock valued at $723,000 after acquiring an additional 8,020 shares during the last quarter. Finally, Rubric Capital Management LP bought a new position in shares of Echostar during the third quarter valued at $14,375,000. 47.58% of the stock is owned by hedge funds and other institutional investors.

EchoStar Corporation provides satellite service operations and video delivery solutions worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.

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