EchoStar (SATS) Reaches $50.52 Yearly Low; Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Had 6 Bulls

May 20, 2018 - By Marie Mckinney

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Logo

The stock of EchoStar Corporation (NASDAQ:SATS) hit a new 52-week low and has $46.48 target or 8.00% below today’s $50.52 share price. The 7 months bearish chart indicates high risk for the $4.85B company. The 1-year low was reported on May, 20 by Barchart.com. If the $46.48 price target is reached, the company will be worth $388.32M less. The stock decreased 0.84% or $0.43 during the last trading session, reaching $50.52. About 195,247 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 2.91% since May 20, 2017 and is downtrending. It has underperformed by 14.46% the S&P500.

Among 6 analysts covering Fomento Economico Mexicano SAB (NYSE:FMX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fomento Economico Mexicano SAB had 13 analyst reports since August 18, 2015 according to SRatingsIntel. Citigroup upgraded Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) on Friday, April 29 to “Buy” rating. The stock has “Buy” rating by HSBC on Wednesday, August 10. The stock has “Buy” rating by Zacks on Monday, August 31. Stifel Nicolaus initiated Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) on Tuesday, November 22 with “Buy” rating. The firm earned “Overweight” rating on Monday, March 7 by Barclays Capital. The stock of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has “Neutral” rating given on Friday, January 20 by JP Morgan. The firm earned “Overweight” rating on Friday, October 14 by Barclays Capital. Barclays Capital maintained Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) on Wednesday, October 11 with “Overweight” rating. The company was upgraded on Monday, October 2 by JP Morgan. The company was upgraded on Wednesday, August 19 by Zacks. See Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) latest ratings:

Since January 23, 2018, it had 0 insider purchases, and 4 selling transactions for $807,378 activity. $111,806 worth of EchoStar Corporation (NASDAQ:SATS) was sold by DUGAN MICHAEL T. Shares for $235,040 were sold by RAYNER DAVID.

More news for EchoStar Corporation (NASDAQ:SATS) were recently published by: Seekingalpha.com, which released: “EchoStar’s (SATS) CEO Michael Dugan on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Sonic, MDU Resources Group, National Beverage, Spire, EchoStar, and Tabula …” and published on April 24, 2018 is yet another important article.

Analysts await EchoStar Corporation (NASDAQ:SATS) to report earnings on August, 8. They expect $0.19 earnings per share, up 171.43% or $0.12 from last year’s $0.07 per share. SATS’s profit will be $18.26 million for 66.47 P/E if the $0.19 EPS becomes a reality. After $0.16 actual earnings per share reported by EchoStar Corporation for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

Among 3 analysts covering Echostar (NASDAQ:SATS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Echostar had 6 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, August 17. The stock of EchoStar Corporation (NASDAQ:SATS) earned “Strong Sell” rating by Zacks on Wednesday, August 12. The firm has “Buy” rating given on Monday, February 26 by Citigroup. Jefferies maintained the shares of SATS in report on Friday, December 1 with “Hold” rating. Raymond James upgraded the shares of SATS in report on Friday, May 11 to “Strong Buy” rating.

Investors sentiment increased to 1.62 in 2017 Q4. Its up 0.52, from 1.1 in 2017Q3. It improved, as 13 investors sold EchoStar Corporation shares while 47 reduced holdings. 34 funds opened positions while 63 raised stakes. 42.07 million shares or 0.77% less from 42.39 million shares in 2017Q3 were reported. 46,100 were reported by Macquarie Gp Ltd. Savings Bank Of Montreal Can accumulated 0% or 8,300 shares. 127,007 were accumulated by Commercial Bank Of America De. Edgepoint Invest Grp Inc reported 0.61% of its portfolio in EchoStar Corporation (NASDAQ:SATS). Utah Retirement invested in 8,762 shares. South State has 0.02% invested in EchoStar Corporation (NASDAQ:SATS). Moreover, Grp has 0% invested in EchoStar Corporation (NASDAQ:SATS). Massachusetts-based Arrowstreet Capital L P has invested 0.01% in EchoStar Corporation (NASDAQ:SATS). Stevens Capital Ltd Partnership has 0.01% invested in EchoStar Corporation (NASDAQ:SATS) for 3,998 shares. Moreover, Axa has 0% invested in EchoStar Corporation (NASDAQ:SATS) for 5,000 shares. Md Sass Invsts Incorporated invested 1.2% in EchoStar Corporation (NASDAQ:SATS). Bbva Compass Bancshares owns 15,323 shares for 0.06% of their portfolio. Moreover, Chicago Equity Lc has 0.01% invested in EchoStar Corporation (NASDAQ:SATS). Meeder Asset Incorporated accumulated 76 shares. Putnam Invs Ltd reported 1.6% of its portfolio in EchoStar Corporation (NASDAQ:SATS).

EchoStar Corporation offers satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and small office clients worldwide. The company has market cap of $4.85 billion. The firm operates in three divisions: Hughes, EchoStar Technologies, and EchoStar Satellite Services. It has a 12.42 P/E ratio. The Hughes segment provides satellite broadband Internet access and satellite technologies to North American consumer market; and broadband network technologies, managed services, equipment, and communications solutions to enterprise and government customers.

The stock decreased 2.05% or $1.73 during the last trading session, reaching $82.84. About 484,746 shares traded or 1.56% up from the average. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has declined 2.35% since May 20, 2017 and is downtrending. It has underperformed by 13.90% the S&P500.

EchoStar Corporation (NASDAQ:SATS) Institutional Positions Chart

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