Echostar (SATS) Earns Media Impact Score of 0.07
News articles about Echostar (NASDAQ:SATS) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Echostar earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.3209259117754 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Satellite-based broadband access will help to bridge digital divide (financial-news.co.uk)
- Global Eagle Entertainment Expands Aero Network from Hughes That Brings Faster Speeds and More Capacity with JUPITER Technology (finance.yahoo.com)
- Zacks Investment Research Upgrades Echostar (SATS) to Hold (americanbankingnews.com)
- Hughes Ships First Gateways for the Ground Network to Support OneWeb’s Low Earth Orbit Constellation (finance.yahoo.com)
- Hughes Selected by Leading Oil Well Services Company to Provide Next Gen Rapid Deploy Communications Hub (finance.yahoo.com)
Shares of Echostar (SATS) traded up $0.18 during mid-day trading on Friday, hitting $57.68. The stock had a trading volume of 253,303 shares, compared to its average volume of 156,523. The firm has a market cap of $5,566.94, a PE ratio of 14.17, a PEG ratio of 3.19 and a beta of 0.76. The company has a current ratio of 8.98, a quick ratio of 8.78 and a debt-to-equity ratio of 0.86. Echostar has a fifty-two week low of $52.11 and a fifty-two week high of $62.50.
Several analysts have weighed in on the company. Zacks Investment Research upgraded Echostar from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet upgraded Echostar from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Citigroup boosted their price target on Echostar from $71.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, February 26th. BidaskClub raised Echostar from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Finally, Jefferies Group set a $70.00 price objective on Echostar and gave the company a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Echostar presently has a consensus rating of “Hold” and an average target price of $71.00.
In other news, CEO Michael T. Dugan sold 3,508 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $62.00, for a total value of $217,496.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Rayner sold 4,073 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $59.67, for a total value of $243,035.91. Following the completion of the transaction, the chief financial officer now directly owns 7,246 shares of the company’s stock, valued at approximately $432,368.82. The disclosure for this sale can be found here. In the last three months, insiders sold 18,381 shares of company stock valued at $1,105,920. Insiders own 73.54% of the company’s stock.
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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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