Echostar’s (ECHO) “Buy” Rating Reiterated at Citigroup

Echostar (NASDAQ:ECHO)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup in a report released on Tuesday,Benzinga reports. They currently have a $126.00 target price on the stock. Citigroup’s price objective would indicate a potential upside of 26.76% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Echostar in a report on Tuesday. They issued a “buy” rating and a $143.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $134.50.

Echostar Trading Up 1.1%

Shares of ECHO opened at $99.40 on Tuesday. Echostar has a fifty-two week low of $26.04 and a fifty-two week high of $147.25.

Echostar (NASDAQ:ECHO) last posted 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.