Echostar Target of Unusually High Options Trading (NASDAQ:ECHO)

Echostar CORP (NASDAQ:ECHO) was the target of unusually large options trading activity on Thursday. Traders purchased 41,268 call options on the company. This is an increase of 134% compared to the average daily volume of 17,666 call options.

Echostar Price Performance

ECHO opened at $92.00 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.27 and a current ratio of 0.30. Echostar has a 52-week low of $26.04 and a 52-week high of $147.25.

Echostar (NASDAQ:ECHO) last posted its quarterly earnings data on Saturday, May 9th. The company reported ($0.51) earnings per share (EPS) for the quarter. Echostar had a negative return on equity of 4.80% and a negative net margin of 97.56%.The firm had revenue of $3.67 billion for the quarter.

Wall Street Analyst Weigh In

ECHO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $137.00 price target on shares of Echostar in a report on Wednesday. Weiss Ratings assumed coverage on Echostar in a research note on Monday, July 6th. They issued a “sell (d-)” rating on the stock. Raymond James Financial raised Echostar from a “market perform” rating to a “strong-buy” rating and set a $115.00 price target for the company in a research note on Friday. Finally, Citigroup assumed coverage on Echostar in a report on Tuesday, July 7th. They set a “buy” rating and a $126.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Echostar Company Profile

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.