DISH Network Corporation (NASDAQ:DISH) had its price target lowered by HSBC Holdings plc from $62.00 to $52.00 in a report published on Tuesday, October 17th. HSBC Holdings plc currently has a hold rating on the stock.
Other equities research analysts have also issued reports about the stock. BidaskClub raised shares of DISH Network Corporation from a hold rating to a buy rating in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a buy rating and set a $80.00 target price on shares of DISH Network Corporation in a research note on Monday, September 25th. Deutsche Bank AG reissued a buy rating and set a $99.00 target price on shares of DISH Network Corporation in a research note on Thursday, October 5th. TheStreet lowered shares of DISH Network Corporation from a b rating to a c+ rating in a research note on Thursday, August 3rd. Finally, Macquarie reaffirmed a hold rating and issued a $68.00 price target on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. DISH Network Corporation has an average rating of Hold and a consensus target price of $67.13.
Shares of DISH Network Corporation (NASDAQ DISH) traded up $2.75 on Tuesday, reaching $50.82. The company’s stock had a trading volume of 5,890,698 shares, compared to its average volume of 2,500,000. The firm has a market cap of $22,410.00, a P/E ratio of 17.23, a P/E/G ratio of 2.28 and a beta of 1.08. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.63 and a quick ratio of 0.57. DISH Network Corporation has a 12 month low of $46.07 and a 12 month high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business posted $0.88 earnings per share. DISH Network Corporation’s revenue for the quarter was down 5.7% on a year-over-year basis. analysts predict that DISH Network Corporation will post 2.05 earnings per share for the current fiscal year.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the sale, the executive vice president now directly owns 165 shares of the company’s stock, valued at approximately $9,340.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 1,110 shares of company stock valued at $62,046. Corporate insiders own 49.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. AXA purchased a new stake in DISH Network Corporation in the first quarter valued at $580,000. Municipal Employees Retirement System of Michigan purchased a new stake in DISH Network Corporation in the first quarter valued at $464,000. Teachers Advisors LLC lifted its position in DISH Network Corporation by 1.1% in the first quarter. Teachers Advisors LLC now owns 347,289 shares of the company’s stock valued at $22,049,000 after acquiring an additional 3,881 shares during the last quarter. Liberty Mutual Group Asset Management Inc. purchased a new stake in DISH Network Corporation in the first quarter valued at $775,000. Finally, Dimensional Fund Advisors LP lifted its position in DISH Network Corporation by 27.7% in the first quarter. Dimensional Fund Advisors LP now owns 546,279 shares of the company’s stock valued at $34,682,000 after acquiring an additional 118,638 shares during the last quarter. 48.95% of the stock is owned by institutional investors and hedge funds.
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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