Shares of Echostar Co. (NASDAQ:SATS) reached a new 52-week low on Thursday . The company traded as low as $43.30 and last traded at $43.49, with a volume of 5524 shares trading hands. The stock had previously closed at $43.82.

SATS has been the subject of a number of analyst reports. BidaskClub lowered Echostar from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 21st. Zacks Investment Research raised Echostar from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, June 27th. Finally, ValuEngine lowered Echostar from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Echostar has a consensus rating of “Hold” and an average target price of $65.67.

The company has a market cap of $4.46 billion, a price-to-earnings ratio of 51.30 and a beta of 0.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.77 and a quick ratio of 2.71.

Echostar (NASDAQ:SATS) last released its quarterly earnings data on Tuesday, August 7th. The communications equipment provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.48. The firm had revenue of $525.96 million during the quarter, compared to analyst estimates of $511.50 million. Echostar had a return on equity of 1.71% and a net margin of 20.03%. As a group, analysts anticipate that Echostar Co. will post 0.52 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in SATS. NumerixS Investment Technologies Inc lifted its stake in Echostar by 138.5% in the second quarter. NumerixS Investment Technologies Inc now owns 3,100 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,800 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Echostar by 267,100.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,672 shares of the communications equipment provider’s stock worth $141,000 after acquiring an additional 2,671 shares during the period. Signition LP purchased a new stake in Echostar in the second quarter worth $214,000. State of Alaska Department of Revenue lifted its stake in Echostar by 40.3% in the second quarter. State of Alaska Department of Revenue now owns 5,190 shares of the communications equipment provider’s stock worth $230,000 after acquiring an additional 1,490 shares during the period. Finally, TLP Group LLC lifted its stake in Echostar by 454,400.0% in the first quarter. TLP Group LLC now owns 4,545 shares of the communications equipment provider’s stock worth $240,000 after acquiring an additional 4,544 shares during the period. 47.62% of the stock is owned by institutional investors.

Echostar Company Profile (NASDAQ:SATS)

EchoStar Corporation provides satellite service operations and video delivery solutions 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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