DISH Network Corporation (DISH) PT Lowered to $52.00
DISH Network Corporation (NASDAQ:DISH) had its price target trimmed by HSBC Holdings plc from $62.00 to $52.00 in a research note published on Tuesday. The brokerage currently has a hold rating on the stock.
Other research analysts have also recently issued research reports about the stock. Citigroup Inc. upgraded shares of DISH Network Corporation from a sell rating to a neutral rating and set a $54.00 price objective on the stock in a research report on Friday, September 15th. Macquarie reiterated a hold rating and set a $60.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research report on Monday, October 2nd. Wells Fargo & Company reiterated an outperform rating and set a $88.50 price objective on shares of DISH Network Corporation in a research report on Thursday, August 31st. BidaskClub cut shares of DISH Network Corporation from a hold rating to a sell rating in a research report on Monday, July 31st. Finally, TheStreet cut shares of DISH Network Corporation from a b rating to a c+ rating in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $67.38.
Shares of DISH Network Corporation (NASDAQ DISH) traded down 0.04% during midday trading on Tuesday, hitting $49.30. 1,824,063 shares of the stock were exchanged. DISH Network Corporation has a 1-year low of $47.48 and a 1-year high of $66.50. The firm has a 50-day moving average of $52.96 and a 200-day moving average of $60.02. The company has a market capitalization of $22.98 billion, a P/E ratio of 22.93 and a beta of 0.99.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts expect that DISH Network Corporation will post $2.15 EPS for the current year.
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In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, the executive vice president now owns 165 shares of the company’s stock, valued at $9,340.65. The disclosure for this sale can be found here. Insiders sold 26,110 shares of company stock valued at $1,555,296 over the last quarter. 49.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Sun Life Financial INC raised its holdings in DISH Network Corporation by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares in the last quarter. IHT Wealth Management LLC raised its holdings in DISH Network Corporation by 32.2% in the second quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock worth $1,593,000 after purchasing an additional 426 shares in the last quarter. Paradigm Asset Management Co. LLC raised its holdings in DISH Network Corporation by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares in the last quarter. Invictus RG bought a new position in DISH Network Corporation in the first quarter worth about $160,000. Finally, Rockefeller Financial Services Inc. bought a new position in DISH Network Corporation in the third quarter worth about $140,000. Institutional investors and hedge funds own 48.92% of the company’s stock.
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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