Somewhat Favorable News Coverage Somewhat Unlikely to Affect DISH Network Corporation (DISH) Stock Price
News headlines about DISH Network Corporation (NASDAQ:DISH) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DISH Network Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.1901385921444 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Microsoft Corporation (MSFT) Stake Decreased by Garde Capital Inc (techkenyot.com)
- As streaming grows, Dish Network spends less to lure new satellite-TV subscribers (bizjournals.com)
- Sling TV Introduces In-Browser Viewing on Google Chrome, Now in Beta (finance.yahoo.com)
- New Executive to Lead Dish’s Sling TV (homemediamagazine.com)
- DISH Network (DISH) Announces New Leadership Structure for Sling TV Following Departure of Roger Lynch (streetinsider.com)
Shares of DISH Network Corporation (DISH) traded down 0.97% on Tuesday, hitting $58.15. 1,191,382 shares of the stock traded hands. DISH Network Corporation has a 52-week low of $48.51 and a 52-week high of $66.50. The firm has a market cap of $27.10 billion, a PE ratio of 27.05 and a beta of 0.96. The firm has a 50 day moving average price of $63.23 and a 200 day moving average price of $62.75.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts forecast that DISH Network Corporation will post $2.37 EPS for the current year.
A number of brokerages recently weighed in on DISH. UBS AG reaffirmed a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of DISH Network Corporation in a research note on Tuesday, May 2nd. Barclays PLC upgraded shares of DISH Network Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $62.00 to $74.00 in a research report on Thursday, April 27th. Macquarie reiterated a “hold” rating and set a $65.00 price target on shares of DISH Network Corporation in a research report on Monday, May 1st. Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th. Finally, Hilliard Lyons cut shares of DISH Network Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.31.
In related news, EVP R Stanton Dodge sold 1,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,100 shares of company stock worth $1,565,779 in the last 90 days. 49.30% of the stock is currently owned by insiders.
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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