Dish Network Corp. (DISH) Price Target Increased to $48.00 by Analysts at FBR & Co
Dish Network Corp. (NASDAQ:DISH) had its target price upped by analysts at FBR & Co from $46.00 to $48.00 in a research report issued to clients and investors on Friday. The firm presently has an “underperform” rating on the stock. FBR & Co’s price objective would indicate a potential downside of 14.86% from the stock’s current price.
A number of other research analysts have also recently issued reports on DISH. Telsey Advisory Group decreased their target price on Dish Network Corp. from $69.00 to $62.00 and set a “market perform” rating on the stock in a research report on Monday, July 25th. Jefferies Group reiterated a “buy” rating and issued a $80.00 target price on shares of Dish Network Corp. in a research report on Friday, July 22nd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $85.00 target price on shares of Dish Network Corp. in a research report on Thursday. Pacific Crest reiterated a “hold” rating on shares of Dish Network Corp. in a research report on Friday, July 22nd. Finally, Wunderlich cut Dish Network Corp. from a “hold” rating to a “sell” rating and set a $48.00 target price on the stock. in a research report on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $66.74.
Shares of Dish Network Corp. (NASDAQ:DISH) opened at 56.38 on Friday. Dish Network Corp. has a 12 month low of $38.85 and a 12 month high of $64.58. The firm has a market capitalization of $26.21 billion, a P/E ratio of 30.12 and a beta of 1.05. The company has a 50 day moving average of $56.30 and a 200-day moving average of $52.19.
Dish Network Corp. (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.04. The company earned $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. Dish Network Corp. had a net margin of 6.48% and a return on equity of 44.63%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Analysts predict that Dish Network Corp. will post $3.07 EPS for the current year.
In other news, insider Carl E. Vogel sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $53.54, for a total transaction of $1,606,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 49.40% of the company’s stock.
Several institutional investors have recently modified their holdings of DISH. Pictet Asset Management Ltd. raised its position in shares of 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 during the last quarter. AXA raised its stake in Dish Network Corp. by 5.3% in the first quarter. AXA now owns 85,300 shares of the company’s stock worth $3,946,000 after buying an additional 4,300 shares during the last quarter. Geode Capital Management LLC raised its stake in Dish Network Corp. by 6.1% in the first quarter. Geode Capital Management LLC now owns 1,393,587 shares of the company’s stock worth $64,432,000 after buying an additional 79,905 shares during the last quarter. Invictus RG bought a new stake in Dish Network Corp. during the first quarter worth approximately $161,000. Finally, National Pension Service raised its stake in Dish Network Corp. by 4.4% in the first quarter. National Pension Service now owns 142,363 shares of the company’s stock worth $6,586,000 after buying an additional 6,050 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors.
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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