EchoStar Corporation (NASDAQ:SATS) has been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus price objective of $58.00 for the company and are expecting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned EchoStar Corporation an industry rank of 197 out of 265 based on the ratings given to its competitors.
A number of research firms recently commented on SATS. Zacks Investment Research raised shares of EchoStar Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Macquarie reissued a “positive” rating and set a $55.00 target price on shares of EchoStar Corporation in a research report on Friday, November 25th. Finally, TheStreet raised shares of EchoStar Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, October 19th.
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EchoStar Corporation (NASDAQ:SATS) opened at 53.99 on Wednesday. EchoStar Corporation has a one year low of $35.96 and a one year high of $56.82. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 24.22 and a beta of 0.68. The stock’s 50 day moving average price is $52.86 and its 200-day moving average price is $46.72.
In other EchoStar Corporation news, EVP Kranti Kilaru sold 69,202 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $50.02, for a total value of $3,461,484.04. Following the completion of the transaction, the executive vice president now owns 5,423 shares of the company’s stock, valued at $271,258.46. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 61.04% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SATS. Vanguard Group Inc. boosted its position in EchoStar Corporation by 4.8% in the second quarter. Vanguard Group Inc. now owns 3,253,304 shares of the company’s stock worth $129,157,000 after buying an additional 148,602 shares in the last quarter. Renaissance Technologies LLC boosted its position in EchoStar Corporation by 4.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,572,980 shares of the company’s stock worth $132,225,000 after buying an additional 98,592 shares in the last quarter. Mangrove Partners boosted its position in EchoStar Corporation by 8.9% in the third quarter. Mangrove Partners now owns 1,478,728 shares of the company’s stock worth $64,813,000 after buying an additional 120,610 shares in the last quarter. Brown Advisory Inc. boosted its position in EchoStar Corporation by 3.9% in the fourth quarter. Brown Advisory Inc. now owns 1,375,107 shares of the company’s stock worth $70,668,000 after buying an additional 51,552 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in EchoStar Corporation by 3.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,140,617 shares of the company’s stock worth $49,993,000 after buying an additional 32,906 shares in the last quarter. 44.28% of the stock is owned by institutional investors and hedge funds.
About EchoStar Corporation
EchoStar Corporation is a holding company. The Company operates through three segments: Hughes, EchoStar Technologies (ETC) and EchoStar Satellite Services (ESS). Its operations also include real estate and other activities. The Company’s Hughes segment provides broadband satellite technologies and services for the home and office, delivering network technologies, managed services, and solutions for consumers, enterprises and governments.
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