EchoStar (NASDAQ:SATS) received a $70.00 target price from investment analysts at Jefferies Group in a report issued on Friday. The firm presently has a “hold” rating on the communications equipment provider’s stock. Jefferies Group’s price target suggests a potential upside of 16.96% from the company’s current price.

Several other research analysts have also commented on SATS. TheStreet lowered EchoStar from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Zacks Investment Research upgraded EchoStar from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $68.33.

EchoStar (SATS) opened at $59.85 on Friday. The firm has a market capitalization of $5,805.78, a P/E ratio of 51.84, a P/E/G ratio of 2.99 and a beta of 0.76. EchoStar has a 52-week low of $49.82 and a 52-week high of $62.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 8.61 and a quick ratio of 8.40.

EchoStar (NASDAQ:SATS) last released its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.36 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.37. EchoStar had a return on equity of 2.85% and a net margin of 5.55%. The business had revenue of $481.20 million during the quarter, compared to analyst estimates of $477.33 million. During the same period last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. analysts anticipate that EchoStar will post 0.94 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Thornburg Investment Management Inc. raised its stake in EchoStar by 21.0% in the third quarter. Thornburg Investment Management Inc. now owns 2,024,396 shares of the communications equipment provider’s stock valued at $115,856,000 after buying an additional 350,961 shares in the last quarter. Vanguard Group Inc. increased its position in shares of EchoStar by 11.1% during the second quarter. Vanguard Group Inc. now owns 3,001,260 shares of the communications equipment provider’s stock worth $182,177,000 after purchasing an additional 299,543 shares in the last quarter. First Trust Advisors LP increased its position in EchoStar by 376.4% in the 2nd quarter. First Trust Advisors LP now owns 241,039 shares of the communications equipment provider’s stock valued at $14,631,000 after acquiring an additional 190,448 shares during the period. Renaissance Technologies LLC increased its position in EchoStar by 4.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,861,780 shares of the communications equipment provider’s stock valued at $173,710,000 after acquiring an additional 113,700 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in shares of EchoStar during the 2nd quarter worth approximately $5,285,000. Hedge funds and other institutional investors own 44.50% of the company’s stock.

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EchoStar Company Profile

EchoStar Corporation is a holding company. The Company is a provider of satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office, delivering network technologies, managed services, and solutions for enterprises and governments.

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