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Stock impact report

Why EchoStar Rallied Again This Week [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
Bloomberg also reported SpaceX, of which EchoStar is a shareholder, may pursue a 2026 IPO at an eye-watering valuation. 10 stocks we like better than EchoStar › Shares of satellite telecommunications company EchoStar (NASDAQ: SATS) rallied 27.3% this week through Thursday trading, according to data from S&P Global Market Intelligence EchoStar stock has nearly quintupled this year. Having begun the year as a debt-laden, struggling cable company, EchoStar decided to sell its long-held wireless spectrum assets to other players, and received significantly more money for them than the market had anticipated. Moreover, some spectrum was sold to SpaceX , for which EchoStar received both cash and SpaceX stock. This week, EchoStar received even better news regarding the value of its remaining spectrum assets, as well as reports of ever-escalating estimates for SpaceX's valuation. This week, Morgan Stanley telecom analyst Benjamin Swinburne upgraded EchoStar stock to an "Overweight" Show less Read more
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