Dish Network Corp. (DISH) Given “Buy” Rating at BTIG Research
BTIG Research reaffirmed their buy rating on shares of Dish Network Corp. (NASDAQ:DISH) in a research report released on Tuesday. The firm currently has a $90.00 target price on the stock, up from their prior target price of $85.00.
A number of other brokerages have also recently weighed in on DISH. Pivotal Research lifted their price objective on Dish Network Corp. from $82.00 to $86.00 and gave the company a buy rating in a research note on Thursday, November 10th. Jefferies Group reissued a buy rating and set a $80.00 target price on shares of Dish Network Corp. in a research note on Friday, August 26th. Zacks Investment Research downgraded Dish Network Corp. from a strong-buy rating to a hold rating in a report on Monday, September 26th. TheStreet raised Dish Network Corp. from a hold rating to a buy rating in a report on Thursday, July 28th. Finally, Macquarie lifted their price target on Dish Network Corp. from $62.00 to $66.00 and gave the stock an outperform rating in a report on Friday, October 7th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $67.96.
Shares of Dish Network Corp. (NASDAQ:DISH) traded down 0.12% during midday trading on Tuesday, hitting $56.00. The company had a trading volume of 277,774 shares. Dish Network Corp. has a 12 month low of $38.85 and a 12 month high of $63.80. The firm has a market capitalization of $26.03 billion, a PE ratio of 29.91 and a beta of 1.05. The company has a 50-day moving average of $56.47 and a 200 day moving average of $52.64.
Dish Network Corp. (NASDAQ:DISH) last posted its earnings results on Wednesday, November 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.04. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Dish Network Corp. had a return on equity of 40.84% and a net margin of 6.48%. Dish Network Corp.’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, analysts expect that Dish Network Corp. will post $3.01 EPS for the current fiscal year.
In other news, insider Carl E. Vogel sold 30,000 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 49.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its position in Dish Network Corp. by 57.4% in the third quarter. Toronto Dominion Bank now owns 1,953 shares of the company’s stock worth $107,000 after buying an additional 712 shares during the period. Acrospire Investment Management LLC increased its position in Dish Network Corp. by 25.0% in the third quarter. Acrospire Investment Management LLC now owns 2,000 shares of the company’s stock worth $110,000 after buying an additional 400 shares during the period. Mycio Wealth Partners LLC purchased a new position in Dish Network Corp. during the second quarter worth approximately $126,000. Bessemer Group Inc. purchased a new position in Dish Network Corp. during the second quarter worth approximately $128,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Dish Network Corp. by 306.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the company’s stock worth $128,000 after buying an additional 1,841 shares during the period. Institutional investors and hedge funds own 45.99% of the company’s stock.
About Dish Network Corp.
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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