DISH Network Corporation (NASDAQ:DISH) was upgraded by Citigroup Inc. from a “sell” rating to a “neutral” rating in a report issued on Friday. The brokerage currently has a $54.00 target price on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 1.98% from the stock’s current price.
A number of other equities analysts have also recently commented on DISH. Royal Bank Of Canada set a $56.00 target price on DISH Network Corporation and gave the stock a “hold” rating in a report on Saturday, May 20th. Wunderlich reiterated a “sell” rating and issued a $54.00 target price on shares of DISH Network Corporation in a report on Monday, June 12th. BidaskClub cut DISH Network Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a report on Wednesday, June 28th. Finally, Macquarie reiterated a “hold” rating and issued a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $69.97.
Shares of DISH Network Corporation (DISH) opened at 52.95 on Friday. The stock has a 50 day moving average of $58.03 and a 200-day moving average of $61.89. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 24.63 and a beta of 0.98. DISH Network Corporation has a 12 month low of $51.76 and a 12 month high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. DISH Network Corporation’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. On average, analysts forecast that DISH Network Corporation will post $2.23 EPS for the current year.
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In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now directly owns 165 shares in the company, valued at approximately $9,340.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Insiders sold a total of 25,885 shares of company stock worth $1,544,018 over the last quarter. Company insiders own 49.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Sun Life Financial INC increased its holdings in shares of DISH Network Corporation by 20,725.0% in the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after acquiring an additional 1,658 shares during the period. Elkfork Partners LLC purchased a new position in shares of DISH Network Corporation in the 1st quarter valued at $110,000. IHT Wealth Management LLC increased its holdings in shares of DISH Network Corporation by 32.2% in the 2nd quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock valued at $1,593,000 after acquiring an additional 426 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of DISH Network Corporation by 3,872.9% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after acquiring an additional 1,859 shares during the period. Finally, Meadow Creek Investment Management LLC purchased a new position in shares of DISH Network Corporation in the 1st quarter valued at $141,000. Institutional investors and hedge funds own 48.93% of the company’s stock.
DISH Network Corporation Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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