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NEW YORK (TheStreet) -- EchoStar (SATS) shares finished trading up 1.86% to $55.38 on Friday after the satellite television set top manufacturer released its fourth quarter earnings results before the opening bell today.

The company, which services Dish Network (DISH) , reported fourth quarter earnings of 59 cents per diluted share on an adjusted basis, easily beating the 37 cents per share analysts were expecting the company to report by 22 cents. 

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Echostar also reported revenue of $844 million, a 4.5% year over year increase that fell short of Wall Street's $875.24 consensus estimate.

For the full year the company reported a profit of $153 million, or $1.78 per share on revenue of $3.45 billion.

The Englewood, CO-based company was given a "neutral" rating by analysts at Zacks while the company's short term price target is $60.

TheStreet Ratings team rates ECHOSTAR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate ECHOSTAR CORP (SATS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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