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Stock impact report

Echostar (SATS) Hits New All-Time High as Analyst Hikes PT, Rating [Yahoo! Finance]

EchoStar Corporation - Common stock (SATS) 
Last echostar corporation - common stock earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.echostar.com/investors
Company Research Source: Yahoo! Finance
EchoStar extended its winning streak to a fifth consecutive day on Wednesday, to hit a new all-time high as investors took path from an investment firm's rating and price target upgrade for its stock. At intra-day trading, EchoStar Corporation (NASDAQ:SATS) climbed to its highest price of $105.31 before trimming gains to finish the day just up by 11.16 percent at $103.98 apiece. In a market note, Morgan Stanley raised its rating for the company to “overweight” from “equal weight” alongside a price target of $110 versus $82 prior. The new figure marks a 4.45 percent upside potential from its latest closing price. Copyright: lexaarts / 123RF Stock Photo According to the investment firm, EchoStar Corporation (NASDAQ:SATS) stands to benefit from the increasing competition in US wireless carriers. “Spectrum is an appreciating asset, and we expect both Verizon (VZ) and T-Mobile (TMUS) to be aggressive in pursuing the remaining paired AWS-3 holdings at EchoStar,” it said. In oth Show less Read more
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