• EchoStar Corporation is trading 4.1% down at $109.36 today.
  • Analyst David Barden of New Street updated EchoStar's valuation to reflect its forthcoming share acquisition from SpaceX, noting the current price is significantly higher than the estimated value of its SpaceX stake.
  • The company also reported mixed quarterly results, missing EPS estimates, and continues to face balance-sheet concerns, including a missed interest payment at its DISH DBS subsidiary, which has renewed default and liquidity worries.