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EchoStar Delays $183 Million Interest Payments Amid FCC Review

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EchoStar Delays $183 Million Interest Payments Amid FCC Review

Elevate Your Investing Strategy:

Echostar ( (SATS) ) just unveiled an announcement.

EchoStar Corporation has decided not to make approximately $183 million in cash interest payments due on June 2, 2025, for its DISH DBS Corporation secured and unsecured notes. This decision is due to the uncertainty surrounding the Federal Communications Commission’s review. EchoStar has a 30-day grace period to make these payments before it is considered an Event of Default, and the company is awaiting relief from the FCC within this period.

The most recent analyst rating on (SATS) stock is a Buy with a $95.00 price target. To see the full list of analyst forecasts on Echostar stock, see the SATS Stock Forecast page.

Spark’s Take on SATS Stock

According to Spark, TipRanks’ AI Analyst, SATS is a Neutral.

Echostar’s overall stock score is primarily weighed down by significant financial challenges and technical indicators signaling bearish momentum. Regulatory issues further exacerbate the risk profile. Despite some positive developments from the earnings call, the company’s financial and operational hurdles are substantial, necessitating strategic adjustments for future stability and growth.

To see Spark’s full report on SATS stock, click here.

More about Echostar

Average Trading Volume: 2,912,414

Technical Sentiment Signal: Strong Sell

Current Market Cap: $5.1B

Learn more about SATS stock on TipRanks’ Stock Analysis page.

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