DISH Network Corp (NASDAQ:DISH) has earned a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $65.50.
DISH has been the topic of several research reports. Morgan Stanley reaffirmed a “buy” rating and issued a $75.00 target price on shares of DISH Network in a research report on Tuesday, October 17th. Zacks Investment Research raised DISH Network from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Pivotal Research raised DISH Network from a “hold” rating to a “buy” rating and lowered their price objective for the company from $68.00 to $65.00 in a report on Monday, November 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 price objective (down previously from $56.00) on shares of DISH Network in a report on Wednesday, November 22nd. Finally, SunTrust Banks reissued a “hold” rating and set a $60.00 price objective on shares of DISH Network in a report on Friday, November 10th.
Institutional investors have recently bought and sold shares of the stock. Ray Gerald L & Associates Ltd. increased its holdings in DISH Network by 113.6% during the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock valued at $683,000 after purchasing an additional 6,700 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in DISH Network by 10.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock valued at $10,603,000 after purchasing an additional 15,978 shares in the last quarter. Swiss National Bank increased its holdings in DISH Network by 3.3% during the 2nd quarter. Swiss National Bank now owns 829,109 shares of the company’s stock valued at $52,035,000 after purchasing an additional 26,200 shares in the last quarter. Quantitative Systematic Strategies LLC increased its holdings in DISH Network by 33.9% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock valued at $308,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in DISH Network by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 746,747 shares of the company’s stock valued at $46,866,000 after purchasing an additional 34,655 shares in the last quarter. Institutional investors and hedge funds own 48.54% of the company’s stock.
Shares of DISH Network (NASDAQ DISH) traded down $0.16 during trading on Tuesday, reaching $49.22. The company had a trading volume of 2,357,490 shares, compared to its average volume of 2,174,875. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.57 and a current ratio of 0.63. DISH Network has a 1 year low of $46.07 and a 1 year high of $66.50. The stock has a market cap of $22,950.00, a P/E ratio of 23.22, a P/E/G ratio of 2.24 and a beta of 1.09.
DISH Network (NASDAQ:DISH) last issued its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. research analysts forecast that DISH Network will post 1.98 earnings per share for the current year.
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DISH Network 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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