12 Best Telecom Services Stocks to Buy According to Analysts

7. EchoStar Corporation (NASDAQ:ECHO)

EchoStar Corporation (NASDAQ:ECHO) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 43.18% upside, and the consensus rating is Buy.

On June 30, Reuters reported that EchoStar’s Dish DBS and wireless subsidiaries filed for prepackaged Chapter 11 bankruptcy protection after a delay in the closing of a spectrum-license sale to AT&T. Reuters also reported that the move was meant to address debt maturities and facilitate the wind-down of Dish Wireless’s 5G network operations. This is a high-risk telecom services story rather than a clean recovery setup. EchoStar’s value is tied to satellite, spectrum and wireless assets, but the restructuring highlights how costly it is to build and finance a national communications platform. The consensus upside is large, but it comes with obvious uncertainty around bankruptcy timing, spectrum monetization, creditor outcomes and the company’s post-restructuring operating profile.

EchoStar Corporation (NASDAQ:ECHO) provides satellite communications, broadband, wireless spectrum, and pay-TV services through its communications and Dish-related businesses.