Echostar Co. (SATS) Given Average Recommendation of “Hold” by Analysts

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Echostar Co. (NASDAQ:SATS) has received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One research 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 objective among brokerages that have covered the stock in the last year is $73.00.

A number of research firms recently commented on SATS. BidaskClub cut Echostar from a “sell” rating to a “strong sell” rating in a report on Thursday, August 30th. ValuEngine raised Echostar from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research cut Echostar from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 12th.

NASDAQ SATS traded up $0.27 during trading hours on Monday, reaching $43.09. The company’s stock had a trading volume of 204,712 shares, compared to its average volume of 236,161. The company has a current ratio of 2.77, a quick ratio of 2.71 and a debt-to-equity ratio of 0.61. Echostar has a 1 year low of $42.56 and a 1 year high of $62.29. The stock has a market cap of $4.46 billion, a PE ratio of 51.30 and a beta of 0.82.

Echostar (NASDAQ:SATS) last posted its quarterly earnings results on Tuesday, August 7th. The communications equipment provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.48. Echostar had a return on equity of 1.71% and a net margin of 20.03%. The company had revenue of $525.96 million for the quarter, compared to analysts’ expectations of $511.50 million. On average, analysts forecast that Echostar will post 0.52 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc raised its holdings in shares of Echostar by 138.5% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,100 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,800 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Echostar by 267,100.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,672 shares of the communications equipment provider’s stock worth $141,000 after acquiring an additional 2,671 shares in the last quarter. Signition LP purchased a new stake in shares of Echostar during the 2nd quarter worth approximately $214,000. State of Alaska Department of Revenue raised its holdings in shares of Echostar by 40.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,190 shares of the communications equipment provider’s stock worth $230,000 after acquiring an additional 1,490 shares in the last quarter. Finally, TLP Group LLC raised its holdings in shares of Echostar by 454,400.0% during the 1st quarter. TLP Group LLC now owns 4,545 shares of the communications equipment provider’s stock worth $240,000 after acquiring an additional 4,544 shares in the last quarter. 47.62% of the stock is currently owned by institutional investors.

About Echostar

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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