Dish Network Corp. (DISH) Price Target Increased to $66.00 by Analysts at Macquarie
DISH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Dish Network Corp. from a hold rating to a strong-buy rating and set a $60.00 price objective for the company in a report on Wednesday, September 21st. Jefferies Group reiterated a buy rating and set a $80.00 target price on shares of Dish Network Corp. in a research note on Friday, August 26th. Moffett Nathanson lowered shares of Dish Network Corp. from a neutral rating to a sell rating and set a $40.00 target price for the company. in a research note on Tuesday, June 28th. They noted that the move was a valuation call. Royal Bank Of Canada boosted their target price on shares of Dish Network Corp. from $50.00 to $56.00 and gave the company a sector perform rating in a research note on Friday, July 22nd. Finally, TheStreet upgraded shares of Dish Network Corp. from a hold rating to a buy rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $66.46.
Shares of Dish Network Corp. (NASDAQ:DISH) traded up 0.67% during midday trading on Friday, hitting $55.82. The company had a trading volume of 244,932 shares. Dish Network Corp. has a 1-year low of $38.85 and a 1-year high of $65.49. The stock has a 50 day moving average price of $52.15 and a 200 day moving average price of $50.38. The firm has a market capitalization of $25.95 billion, a P/E ratio of 29.82 and a beta of 0.84.
Dish Network Corp. (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.17. Dish Network Corp. had a net margin of 5.75% and a return on equity of 42.01%. The company earned $3.84 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Dish Network Corp. will post $3.08 EPS for the current fiscal year.
In other news, insider Carl E. Vogel sold 30,000 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $53.54, for a total transaction of $1,606,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 49.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Ltd. increased its position in Dish Network Corp. by 2.1% in the first quarter. Pictet Asset Management Ltd. now owns 82,000 shares of the company’s stock worth $3,865,000 after buying an additional 1,700 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Dish Network Corp. during the first quarter worth about $5,794,000. Rafferty Asset Management LLC increased its position in Dish Network Corp. by 5.0% in the first quarter. Rafferty Asset Management LLC now owns 15,852 shares of the company’s stock worth $733,000 after buying an additional 754 shares in the last quarter. State Street Corp increased its position in Dish Network Corp. by 4.0% in the first quarter. State Street Corp now owns 4,187,213 shares of the company’s stock worth $193,705,000 after buying an additional 162,714 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Dish Network Corp. during the first quarter worth about $206,000. Hedge funds and other institutional investors own 45.34% of the company’s stock.
Dish Network Corp. Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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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