Research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Echostar (NASDAQ:ECHO – Get Free Report) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $143.00 price target on the stock.
Echostar Trading Down 100.0%
Echostar (NASDAQ:ECHO – Get Free Report) last issued its quarterly earnings data on Saturday, May 9th. The company reported ($0.51) EPS for the quarter. The firm had revenue of $3.67 billion for the quarter.
About Echostar
EchoStar Corporation is a communications company that provides satellite and wireless services, video distribution, and broadband connectivity solutions. Its business has historically been centered on satellite technology and related services, serving customers through a range of connectivity and network offerings.
The company operates through several segments that support pay-TV, enterprise, government, and consumer communications needs. Its services and technologies have included satellite television distribution, broadband satellite access, network infrastructure, and wireless communications capabilities.
EchoStar was founded in 1980 and has long been associated with satellite communications in the United States.
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