DISH Network Corporation (NASDAQ:DISH) had its price target lowered by research analysts at Barclays PLC from $74.00 to $71.00 in a research report issued to clients and investors on Friday, November 10th. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 40.79% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. BidaskClub cut DISH Network Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. cut DISH Network Corporation from a “buy” rating to a “sell” rating and lowered their price target for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. Macquarie reiterated a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Telsey Advisory Group reduced their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. Finally, TheStreet lowered DISH Network Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. DISH Network Corporation has a consensus rating of “Hold” and an average target price of $63.92.
Shares of DISH Network Corporation (NASDAQ DISH) traded up $0.39 on Friday, hitting $50.43. 1,765,800 shares of the stock traded hands, compared to its average volume of 2,690,093. DISH Network Corporation has a one year low of $46.07 and a one year high of $66.50. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. The company has a market cap of $23,700.00, a PE ratio of 18.40, a P/E/G ratio of 2.43 and a beta of 1.08.
DISH Network Corporation (NASDAQ:DISH) last released 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 Corporation had a net margin of 7.22% and a return on equity of 25.97%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the prior year, the business posted $0.64 earnings per share. DISH Network Corporation’s quarterly revenue was down 5.0% compared to the same quarter last year. equities research analysts forecast that DISH Network Corporation will post 1.99 EPS for the current year.
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In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s 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 completion of the transaction, the executive vice president now 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 accessible through this hyperlink. Insiders sold a total of 1,110 shares of company stock valued at $62,046 in the last 90 days. 49.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of DISH. Sun Life Financial INC boosted its holdings in 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 worth $105,000 after buying an additional 1,658 shares during the last quarter. Rockefeller Financial Services Inc. purchased a new position in DISH Network Corporation in the 3rd quarter worth approximately $140,000. Quantbot Technologies LP purchased a new position in DISH Network Corporation in the 3rd quarter worth approximately $154,000. Paradigm Asset Management Co. LLC lifted its stake in DISH Network Corporation by 4.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares in the last quarter. Finally, Huntington National Bank lifted its stake in DISH Network Corporation by 12.1% in the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after purchasing an additional 281 shares in the last quarter. Institutional investors own 48.26% 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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