DISH Network Corporation (DISH) Given Consensus Rating of “Hold” by Brokerages
Shares of DISH Network Corporation (NASDAQ:DISH) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $66.97.
Several equities research analysts have weighed in on DISH shares. UBS AG lowered their target price on shares of DISH Network Corporation from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday. Barclays PLC lowered their target price on shares of DISH Network Corporation from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday. Zacks Investment Research downgraded shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Telsey Advisory Group lowered their target price on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Finally, Macquarie restated a “hold” rating and issued a $68.00 target price on shares of DISH Network Corporation in a research note on Thursday, August 3rd.
In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 1,110 shares of company stock valued at $62,046. 49.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in DISH. American Century Companies Inc. grew its position in DISH Network Corporation by 184.5% during the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock valued at $89,770,000 after buying an additional 927,537 shares during the period. FMR LLC grew its position in DISH Network Corporation by 22.7% during the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after buying an additional 831,768 shares during the period. Paulson & CO. Inc. grew its position in DISH Network Corporation by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after buying an additional 548,700 shares during the period. Teachers Advisors LLC grew its position in DISH Network Corporation by 134.8% during the second quarter. Teachers Advisors LLC now owns 815,292 shares of the company’s stock valued at $51,168,000 after buying an additional 468,003 shares during the period. Finally, Vanguard Group Inc. grew its position in DISH Network Corporation by 2.9% during the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after buying an additional 409,704 shares during the period. Institutional investors own 48.76% of the company’s stock.
DISH Network Corporation (DISH) traded up $0.51 during midday trading on Monday, hitting $50.81. 2,211,700 shares of the stock were exchanged, compared to its average volume of 2,713,139. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network Corporation has a 1 year low of $46.07 and a 1 year high of $66.50. The company has a market capitalization of $23,683.15, a P/E ratio of 18.68, a PEG ratio of 2.38 and a beta of 1.08.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. DISH Network Corporation’s revenue for the quarter was down 5.0% on a year-over-year basis. equities research analysts expect that DISH Network Corporation will post 2.06 earnings per share for the current year.
About DISH Network Corporation
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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