Somewhat Positive Media Coverage Somewhat Unlikely to Affect DISH Network Corporation (DISH) Share Price
News stories about DISH Network Corporation (NASDAQ:DISH) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DISH Network Corporation earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.0981303604971 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- How expensive a DISH Network Corporation (DISH) stock is? – Street Observer (press release) (streetobserver.com)
- Dish Network Enters Oversold Territory (DISH) (nasdaq.com)
- Dish Network claims $4.4 million win in Florida piracy case (finance.yahoo.com)
- Analyst on AT&T: ‘The Wheels Are Falling Off of Satellite TV’ (finance.yahoo.com)
- Court Holds US Retailer Accountable for Promoting Piracy by Selling IPTV Streaming Devices with Unauthorized … – Business Wire (press release) (businesswire.com)
DISH Network Corporation (NASDAQ:DISH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis.
A number of brokerages recently issued reports on DISH. BidaskClub cut DISH Network Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th. Telsey Advisory Group decreased their target price on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Macquarie reissued a “hold” rating and issued a $60.00 target price (down from $68.00) on shares of DISH Network Corporation in a research report on Monday, October 2nd. Moffett Nathanson reissued a “sell” rating and issued a $37.00 target price (down from $45.00) on shares of DISH Network Corporation in a research report on Tuesday, September 26th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $99.00 target price on shares of DISH Network Corporation in a research report on Thursday, October 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. DISH Network Corporation currently has a consensus rating of “Hold” and an average target price of $68.18.
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In other news, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the sale, the executive vice president now directly owns 165 shares in the company, valued at approximately $9,340.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,110 shares of company stock valued at $1,555,296. 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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