EchoStar (NASDAQ:SATS) has been assigned a $70.00 price target by equities research analysts at Jefferies Group in a research report issued on Friday. The firm presently has a “hold” rating on the communications equipment provider’s stock. Jefferies Group’s target price points to a potential upside of 16.96% from the stock’s current price.

A number of other research firms also recently issued reports on SATS. Zacks Investment Research raised shares of EchoStar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a report on Friday, November 10th. TheStreet lowered shares of EchoStar from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Two 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. EchoStar presently has a consensus rating of “Buy” and a consensus target price of $68.33.

Shares of EchoStar (SATS) opened at $59.85 on Friday. EchoStar has a 12 month low of $49.82 and a 12 month high of $62.50. The stock has a market cap of $5,805.78, a price-to-earnings ratio of 51.84, a PEG ratio of 2.99 and a beta of 0.76. The company has a quick ratio of 8.40, a current ratio of 8.61 and a debt-to-equity ratio of 0.93.

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

A number of institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP grew its position in EchoStar by 50.7% during the second quarter. Quantbot Technologies LP now owns 2,534 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 852 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in EchoStar by 12.8% during the second quarter. BNP Paribas Arbitrage SA now owns 2,903 shares of the communications equipment provider’s stock valued at $115,000 after purchasing an additional 330 shares in the last quarter. FNY Partners Fund LP acquired a new stake in EchoStar during the first quarter valued at approximately $142,000. James Investment Research Inc. acquired a new stake in EchoStar during the first quarter valued at approximately $145,000. Finally, SG Americas Securities LLC acquired a new stake in EchoStar during the third quarter valued at approximately $145,000. 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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