EchoStar and Viasat revised down by bank

Viasat, the California-based international broadband-by-satellite supplier, and Charlie Ergen’s EchoStar satellite business have both suffered a downgrade by analysts at investment bank Jefferies.

In essence, the bank’s report says that Viasat’s revenues are likely to be impacted by the Covid pandemic and the bank has downgraded its revenue forecasts for this trading year. The bank suggests that the decline could be in the 6-10 per cent range.

Source: EchoStar and Viasat revised down by bank