Investors Purchase Large Volume of Echostar Call Options (NASDAQ:ECHO)

Echostar CORP (NASDAQ:ECHO) saw some unusual options trading activity on Thursday. Stock investors purchased 41,268 call options on the company. This is an increase of approximately 134% compared to the typical volume of 17,666 call options.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings assumed coverage on Echostar in a report on Monday, July 6th. They set a “sell (d-)” rating on the stock. Citigroup started coverage on shares of Echostar in a research report on Tuesday, July 7th. They set a “buy” rating and a $126.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $137.00 price target on shares of Echostar in a report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.50.

Echostar Trading Down 5.5%

ECHO stock traded down $5.34 during mid-day trading on Thursday, reaching $91.23. The company’s stock had a trading volume of 3,465,235 shares, compared to its average volume of 7,316,396. Echostar has a 12 month low of $26.04 and a 12 month high of $147.25. The company has a market cap of $26.44 billion, a P/E ratio of -1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.27 and a current ratio of 0.30.

Echostar (NASDAQ:ECHO) last posted its earnings results on Saturday, May 9th. The company reported ($0.51) earnings per share (EPS) for the quarter. Echostar had a negative return on equity of 4.80% and a negative net margin of 97.56%.The firm had revenue of $3.67 billion during the quarter.

About Echostar

EchoStar Corporation is a communications company that provides satellite and wireless services, video distribution, and broadband connectivity solutions. Its business has historically been centered on satellite technology and related services, serving customers through a range of connectivity and network offerings.

The company operates through several segments that support pay-TV, enterprise, government, and consumer communications needs. Its services and technologies have included satellite television distribution, broadband satellite access, network infrastructure, and wireless communications capabilities.

EchoStar was founded in 1980 and has long been associated with satellite communications in the United States.