Citigroup Inc. Upgrades DISH Network Corporation (DISH) to Neutral

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.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/09/17/citigroup-inc-upgrades-dish-network-corporation-dish-to-neutral.html.

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.

Analyst Recommendations for DISH Network Corporation (NASDAQ:DISH)

Receive News & Ratings for DISH Network Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply