EchoStar Co. (NASDAQ:SATS) Receives Consensus Rating of 'Hold' from Analysts

EchoStar Co. (NASDAQ:SATS) has recently been given a consensus rating of "Hold" from five research firms that are currently covering the stock, according to reports. Among these analysts, one has rated the stock as a sell, three have issued a hold rating, and one has given a buy rating.

As for the target price, the average 12-month target price among brokers who have updated their coverage in the last year stands at $23.75, indicating a potential outlook for investors.

Recent Analyst Comments on EchoStar

A number of research firms have made noteworthy comments regarding EchoStar's stock performance. StockNews.com downgraded EchoStar to a "sell" rating in their research note published on November 9th. Following suit, TD Cowen revised their target price on EchoStar shares from $37.00 to $30.00, while maintaining a "buy" rating in their report on November 13th. In contrast, UBS Group raised its price target on EchoStar from $15.00 to $28.00, rating the company as "neutral" in a note issued on January 13th. Moreover, Morgan Stanley commenced coverage of EchoStar on December 16th, providing an "equal weight" rating with a target price set at $25.00.

Institutional Investor Activity

In recent months, various hedge funds and institutional investors have made adjustments to their stakes in EchoStar. SG Americas Securities LLC acquired a new position valued at approximately $165,000 during the third quarter. Additionally, Creative Planning increased its holdings in EchoStar by 42.1%, now owning 35,395 shares worth $878,000 after adding 10,491 shares to their portfolio. GSA Capital Partners LLP also purchased a new stake valued at $285,000 during the same quarter.

Victory Capital Management Inc. grew its shareholding by 11.0%, owning 46,767 shares now valued at $1,161,000 after an additional purchase of 4,626 shares. Empowered Funds LLC raised its position by 5.4%, now holding 324,416 shares worth $8,052,000 after adding 16,595 shares in the last quarter. Notably, 33.62% of the stock is currently owned by institutional investors.

Current Stock Performance

EchoStar stocks opened at $29.26. The company has a market capitalization of $7.95 billion, with a P/E ratio of -3.19 and a beta of 0.72. The company’s financial ratios include a debt-to-equity ratio of 1.11, a quick ratio of 0.61, and a current ratio of 0.67. EchoStar has recorded a 52-week low of $11.83 and a high of $30.08, with its 50-day moving average standing at $25.22 and its 200-day moving average at $23.74. This information may serve as an indicator for prospective investors to evaluate the stock's performance.

About EchoStar Corporation

EchoStar Corporation, along with its subsidiaries, offers networking technologies and services on a global scale. The company operates in four key segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband, and Satellite Services. Within the Pay-TV segment, they provide direct broadcast and fixed satellite services, design and distribute receiver systems, and engage in various digital broadcast operations that include satellite uplinking, downlinking, and transmission services to third-party pay-TV providers. Their content offerings extend under prominent brands such as DISH and SLING.

Analysts, Stocks, Market