EchoStar Corp. (SATS) Stock Price Up 4.4%
EchoStar Corp. (NASDAQ:SATS) shares rose 4.4% on Monday . The company traded as high as $38.56 and last traded at $38.53, with a volume of 207,017 shares changing hands. The stock had previously closed at $36.91.
SATS has been the topic of a number of recent analyst reports. Zacks Investment Research raised EchoStar Corp. from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, June 15th. Macquarie reissued an “outperform” rating and issued a $55.00 price objective on shares of EchoStar Corp. in a research note on Friday, July 8th. Finally, TheStreet downgraded EchoStar Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
The company has a 50-day moving average of $38.60 and a 200 day moving average of $40.18. The firm has a market cap of $3.62 billion and a P/E ratio of 17.76.
EchoStar Corp. (NASDAQ:SATS) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.17. The business earned $757.60 million during the quarter, compared to the consensus estimate of $766.99 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that EchoStar Corp. will post $1.75 earnings per share for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.