Echostar (SATS) Receives Coverage Optimism Rating of 0.04

Media stories about Echostar (NASDAQ:SATS) have been trending somewhat positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Echostar earned a daily sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also gave news coverage about the communications equipment provider an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:

SATS has been the topic of several research reports. Citigroup Inc reduced their price target on shares of Echostar from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Zacks Investment Research upgraded shares of Echostar from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th.

Echostar (NASDAQ:SATS) opened at 58.03 on Friday. The company has a market cap of $5.49 billion, a PE ratio of 30.22 and a beta of 0.68. Echostar has a 52-week low of $36.43 and a 52-week high of $59.37. The firm’s 50-day moving average is $57.31 and its 200-day moving average is $53.68.

Echostar (NASDAQ:SATS) last announced its quarterly earnings data on Wednesday, May 10th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.17. Echostar had a return on equity of 5.28% and a net margin of 6.60%. The firm had revenue of $443.20 million for the quarter, compared to analyst estimates of $447.17 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. Echostar’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Echostar will post $0.56 EPS for the current year.

In related news, insider Pradman P. Kaul sold 1,447 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $57.79, for a total transaction of $83,622.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 61.04% of the company’s stock.

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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.

12 Month Chart for NASDAQ:SATS

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