EchoStar Co. (NASDAQ:SATS) Receives $23.75 Average PT from Brokerages

EchoStar Co. (NASDAQ:SATS) has received an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.75.

SATS has been the subject of several recent research reports. UBS Group raised their price objective on EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. StockNews.com raised shares of EchoStar to a “sell” rating in a research note on Saturday, November 9th. TD Cowen cut their price objective on shares of EchoStar from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, Morgan Stanley started coverage on shares of EchoStar in a report on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price for the company.

EchoStar Trading Down 0.4 %

SATS opened at $30.01 on Monday. The stock has a market cap of $8.16 billion, a PE ratio of -3.28 and a beta of 0.72. The business has a 50 day moving average of $25.60 and a 200-day moving average of $23.92. EchoStar has a 52 week low of $11.83 and a 52 week high of $30.55. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

Institutional Trading of EchoStar

Several institutional investors have recently bought and sold shares of SATS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in EchoStar by 38.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 306,727 shares of the communications equipment provider’s stock valued at $7,024,000 after acquiring an additional 84,829 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in EchoStar in the 4th quarter worth about $5,457,000. Woodline Partners LP bought a new position in EchoStar during the 4th quarter valued at about $524,000. Zimmer Partners LP bought a new stake in shares of EchoStar in the fourth quarter worth approximately $6,526,000. Finally, Two Sigma Advisers LP bought a new position in EchoStar during the fourth quarter valued at approximately $414,000. 33.62% of the stock is owned by hedge funds and other institutional investors.

About EchoStar

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.