EchoStar Corporation (SATS - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $52.48 to $56.95 in the past one-month time frame.
The company has seen two positive estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the said time frame, suggesting that more solid trading could be ahead for EchoStar. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
EchoStar currently has a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the Satellite and Communication industry may consider Liberty Media Corporation (LSXMK - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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