Shares of Echostar Co. (NASDAQ:SATS) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $49.67.

A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Echostar from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 6th. ValuEngine downgraded shares of Echostar from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Zacks Investment Research raised shares of Echostar from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday. Finally, Raymond James decreased their target price on shares of Echostar from $63.00 to $61.00 and set a “strong-buy” rating for the company in a research report on Friday, February 21st.

SATS traded down $1.11 on Friday, reaching $36.35. 981,424 shares of the company traded hands, compared to its average volume of 416,685. The stock’s 50 day moving average price is $40.61 and its 200-day moving average price is $40.54. Echostar has a 52-week low of $28.49 and a 52-week high of $45.15. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -55.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.72 and a quick ratio of 5.72.

Echostar (NASDAQ:SATS) last announced its quarterly earnings data on Thursday, February 20th. The communications equipment provider reported ($0.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.51). Echostar had a negative net margin of 3.09% and a negative return on equity of 1.47%. The company had revenue of $499.00 million for the quarter, compared to analysts’ expectations of $471.50 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Echostar will post -0.45 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Echostar by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 545,052 shares of the communications equipment provider’s stock worth $23,606,000 after acquiring an additional 21,863 shares in the last quarter. Alliancebernstein L.P. grew its position in Echostar by 11.3% in the fourth quarter. Alliancebernstein L.P. now owns 25,574 shares of the communications equipment provider’s stock worth $1,108,000 after acquiring an additional 2,600 shares in the last quarter. Gargoyle Investment Advisor L.L.C. bought a new stake in Echostar in the fourth quarter worth approximately $217,000. Man Group plc grew its position in Echostar by 62.6% in the fourth quarter. Man Group plc now owns 217,033 shares of the communications equipment provider’s stock worth $9,400,000 after acquiring an additional 83,562 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in Echostar by 17,318.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,748 shares of the communications equipment provider’s stock worth $249,000 after acquiring an additional 5,715 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Echostar Company Profile

EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services for home and small office customers, satellite operations, and satellite services 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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