Dish Network Corp. (NASDAQ:DISH) had its price objective increased by Pivotal Research from $82.00 to $86.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Pivotal Research’s target price would suggest a potential upside of 54.82% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Telsey Advisory Group decreased their price objective on Dish Network Corp. from $69.00 to $62.00 and set a “market perform” rating on the stock in a report on Monday, July 25th. Jefferies Group reissued a “buy” rating and set a $80.00 price objective on shares of Dish Network Corp. in a report on Friday, July 22nd. Pacific Crest reissued a “hold” rating on shares of Dish Network Corp. in a report on Friday, July 22nd. Wunderlich cut Dish Network Corp. from a “hold” rating to a “sell” rating and set a $48.00 price objective on the stock. in a report on Friday, July 22nd. Finally, Royal Bank Of Canada raised their price objective on Dish Network Corp. from $50.00 to $56.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $66.74.

Analyst Recommendations for Dish Network Corp. (NASDAQ:DISH)

Dish Network Corp. (NASDAQ:DISH) opened at 55.55 on Thursday. The firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of 29.67 and a beta of 1.05. The firm has a 50-day moving average price of $56.35 and a 200 day moving average price of $52.22. Dish Network Corp. has a 52 week low of $38.85 and a 52 week high of $64.58.

Dish Network Corp. (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.04. Dish Network Corp. had a net margin of 6.48% and a return on equity of 40.84%. The business earned $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that Dish Network Corp. will post $3.03 earnings per share for the current fiscal year.

In other news, insider Carl E. Vogel sold 30,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $53.54, for a total value of $1,606,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 49.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DISH. JPMorgan Chase & Co. increased its position in shares of Dish Network Corp. by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 24,440,962 shares of the company’s stock worth $1,338,875,000 after buying an additional 1,712,291 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dish Network Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,645,533 shares of the company’s stock worth $505,426,000 after buying an additional 195,689 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Dish Network Corp. by 153,552.3% in the second quarter. Franklin Resources Inc. now owns 6,914,355 shares of the company’s stock worth $362,313,000 after buying an additional 6,909,855 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Dish Network Corp. by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,502,783 shares of the company’s stock worth $301,442,000 after buying an additional 72,880 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Dish Network Corp. by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 3,174,834 shares of the company’s stock worth $166,364,000 after buying an additional 276,410 shares during the last quarter. 45.63% of the stock is currently owned by hedge funds and other 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.

5 Day Chart for NASDAQ:DISH

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