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EchoStar
SATS

$17.20
0.06%
 

About: Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 6 million U.S. customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 7 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.

Employees: 15,300

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
0
News positive %
of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

241% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 27

191% more first-time investments, than exits

New positions opened: 125 | Existing positions closed: 43

124% more capital invested

Capital invested by funds: $722M [Q4 2023] → $1.62B (+$895M) [Q1 2024]

75% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 7 (+3) [Q1 2024]

48% more funds holding

Funds holding: 171 [Q4 2023] → 253 (+82) [Q1 2024]

39.44% less ownership

Funds ownership: 120.37% [Q4 2023] → 80.93% (-39.44%) [Q1 2024]

62% less call options, than puts

Call options by funds: $73M | Put options by funds: $191M

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$12
30%
downside
Avg. target
$19.20
12%
upside
High target
$38
121%
upside

5 analyst ratings

positive
20%
neutral
80%
negative
0%
Morgan Stanley
Benjamin Swinburne
19%downside
$14
Equal-Weight
Maintained
3 Apr 2024
JP Morgan
Philip Cusick
30%downside
$12
Neutral
Maintained
11 Mar 2024
UBS
John Hodulik
19%downside
$14
Neutral
Maintained
5 Mar 2024
TD Cowen
Gregory Williams
121%upside
$38
Outperform
Maintained
4 Mar 2024
JP Morgan
Philip Cusick
5%upside
$18
Neutral
Initiated
17 Jan 2024

Financial journalist opinion

Based on 10 articles about SATS published over the past 30 days