Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Echostar (SATS) Share Price

News stories about Echostar (NASDAQ:SATS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Echostar earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.9187712057404 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

SATS has been the topic of several research analyst reports. Zacks Investment Research upgraded Echostar from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Friday, November 10th. Jefferies Group set a $70.00 price objective on Echostar and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Echostar currently has an average rating of “Buy” and a consensus target price of $68.33.

Echostar (NASDAQ SATS) opened at $61.78 on Friday. Echostar has a one year low of $50.30 and a one year high of $62.50. The stock has a market capitalization of $5,859.39, a price-to-earnings ratio of 49.82, a P/E/G ratio of 3.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 8.40 and a current ratio of 8.61.

Echostar (NASDAQ:SATS) last announced its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.37. Echostar had a return on equity of 2.85% and a net margin of 5.55%. The firm had revenue of $481.20 million for the quarter, compared to analysts’ expectations of $477.33 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. analysts predict that Echostar will post 0.97 EPS for the current fiscal year.

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About Echostar

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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