SATS has been the subject of several other reports. Zacks Investment Research raised Echostar from a hold rating to a strong-buy rating and set a $65.00 target price for the company in a research report on Friday, November 10th. Jefferies Group set a $70.00 target price on Echostar and gave the stock a hold rating in a research report on Friday, December 1st. Citigroup raised their target price on Echostar from $71.00 to $76.00 and gave the stock a buy rating in a research report on Monday. Finally, BidaskClub raised Echostar from a sell rating to a hold rating in a research report on Saturday, December 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $71.00.
Echostar (SATS) opened at $58.02 on Tuesday. The company has a market capitalization of $5,599.97, a price-to-earnings ratio of 14.26, a P/E/G ratio of 3.22 and a beta of 0.74. Echostar has a 12-month low of $51.54 and a 12-month high of $62.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 8.98 and a quick ratio of 8.78.
In other Echostar news, Director Tom A. Ortolf sold 5,000 shares of Echostar stock in a transaction on Monday, February 26th. The stock was sold at an average price of $59.71, for a total transaction of $298,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Rayner sold 4,073 shares of Echostar stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.67, for a total value of $243,035.91. Following the transaction, the chief financial officer now directly owns 7,246 shares of the company’s stock, valued at $432,368.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,381 shares of company stock valued at $870,880. 73.54% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Echostar by 4.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 352,961 shares of the communications equipment provider’s stock valued at $20,200,000 after acquiring an additional 13,867 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Echostar by 8.4% during the third quarter. Victory Capital Management Inc. now owns 29,725 shares of the communications equipment provider’s stock valued at $1,701,000 after acquiring an additional 2,312 shares during the period. Stevens Capital Management LP bought a new position in shares of Echostar during the third quarter valued at $297,000. NJ State Employees Deferred Compensation Plan bought a new position in shares of Echostar during the third quarter valued at $515,000. Finally, Swiss National Bank lifted its holdings in shares of Echostar by 2.3% during the third quarter. Swiss National Bank now owns 80,000 shares of the communications equipment provider’s stock valued at $4,578,000 after acquiring an additional 1,800 shares during the period. 45.73% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3230663/echostar-sats-upgraded-to-b-at-thestreet.html.
Echostar Company Profile
EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.
Receive News & Ratings for Echostar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echostar and related companies with MarketBeat.com's FREE daily email newsletter.