10:29 AM EDT, 08/27/2025 (MT Newswires) -- EchoStar's ( SATS ) spectrum sale to AT&T ( T ) will provide the company with "enormous" liquidity, enabling it to pay down debt and invest in its new non-terrestrial network for its direct-to-device satellite constellation, Deutsche Bank analysts said in a note Tuesday.

AT&T ( T ) said Tuesday it will acquire about 50 MHz of nationwide spectrum from EchoStar ( SATS ) in a $23 billion deal.

Deutsche Bank analysts said they believe the company could take further actions to unlock shareholder value and boost the stock higher. The analysts said the company could sell more spectrum, like its AWS-3 asset, revisit a Dish Network-DirecTV merger, and increase capital returns via special dividends or share repurchases.

Deutsche Bank raised its price target to $67 from $43 and retained a buy rating on the stock.

Shares of the company were up 14% in recent Wednesday trading.

Price: 57.99, Change: +7.12, Percent Change: +14.00