Echostar (NASDAQ:SATS) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

A number of other research analysts also recently commented on SATS. Raymond James restated a “strong-buy” rating and set a $61.00 price objective (down from $68.00) on shares of Echostar in a research note on Wednesday, September 11th. ValuEngine downgraded Echostar from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Zacks Investment Research upgraded Echostar from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, Citigroup downgraded Echostar from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $44.00 in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.67.

Shares of NASDAQ SATS traded up $0.12 during trading on Friday, reaching $40.36. The stock had a trading volume of 348,738 shares, compared to its average volume of 484,818. The stock has a market cap of $3.95 billion, a PE ratio of 106.21 and a beta of 0.81. The firm’s 50 day moving average price is $38.61 and its two-hundred day moving average price is $41.45. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.17 and a current ratio of 6.35. Echostar has a one year low of $27.29 and a one year high of $43.04.

Echostar (NASDAQ:SATS) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.20. The firm had revenue of $472.26 million during the quarter, compared to the consensus estimate of $470.15 million. Echostar had a negative return on equity of 0.31% and a negative net margin of 5.86%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. On average, research analysts expect that Echostar will post -0.79 earnings per share for the current year.

In other news, CEO Michael T. Dugan sold 22,348 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $41.53, for a total value of $928,112.44. Following the completion of the transaction, the chief executive officer now owns 73,787 shares of the company’s stock, valued at $3,064,374.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 52.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio grew its stake in shares of Echostar by 2.8% in the third quarter. Strs Ohio now owns 9,723 shares of the communications equipment provider’s stock worth $385,000 after purchasing an additional 266 shares in the last quarter. Great Lakes Advisors LLC grew its stake in shares of Echostar by 3.8% in the third quarter. Great Lakes Advisors LLC now owns 8,114 shares of the communications equipment provider’s stock worth $321,000 after purchasing an additional 297 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Echostar by 1.9% in the third quarter. Rhumbline Advisers now owns 37,875 shares of the communications equipment provider’s stock worth $1,501,000 after purchasing an additional 706 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Echostar by 19.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 8,475 shares of the communications equipment provider’s stock worth $335,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Cutler Group LP grew its stake in shares of Echostar by 89.5% in the third quarter. Cutler Group LP now owns 3,076 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 1,453 shares in the last quarter. 44.06% of the stock is owned by institutional investors.

Echostar Company Profile

EchoStar Corporation, together with its subsidiaries, provides broadband satellite technologies and broadband Internet services for home and small office customers, satellite operations, and satellite services worldwide. It operates in two segments, Hughes and EchoStar Satellite Services. The Hughes segments offers broadband satellite technologies and Internet services for home and small office customers; and broadband network technologies, managed services, equipment, hardware, satellite services, and communication solutions for aeronautical, enterprise, and government customers, as well as consumers.

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