Alerts
Spinoff Report
SATS: Hold for Benefits of Network Demand in Lockdown
We see strong upside in satellite internet provider EchoStar Corp. (SATS) as the company sees its network demand increased in this challenging time. As more people are staying home due to either lockdown or working from home as a health precaution, the need for reliable data connection is made apparent and SATS' services are seen as critical to sustain the current working environment. 

  • SATS Increases Subscriber Base Even in Current Economic Environment
  • 39,000 New Subscribers / Reaches New Total of 1.516m Users
  • LATAM Region Helps in New User Boost with 267,000 Subscribers
  • Q1FY20 Earnings Beats on Revenue & EBITDA / Misses on Diluted EPS
  • Target Price Revised / SATS is a Current Spinoff Model Portfolio Holding
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