DISH Network Corp (NASDAQ:DISH) has been given a consensus rating of “Hold” by the eighteen research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $38.91.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of DISH Network from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Pivotal Research reaffirmed a “hold” rating and set a $33.00 price target (down previously from $37.00) on shares of DISH Network in a report on Monday, May 20th. Credit Suisse Group raised shares of DISH Network from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $26.00 to $34.00 in a report on Monday, May 6th. ValuEngine raised shares of DISH Network from a “sell” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, Royal Bank of Canada lowered their price objective on shares of DISH Network to $33.00 and set a “market perform” rating for the company in a research report on Tuesday, February 19th.

Shares of DISH Network stock traded down $0.35 on Tuesday, reaching $37.54. 2,350,916 shares of the stock were exchanged, compared to its average volume of 2,764,955. DISH Network has a one year low of $23.22 and a one year high of $38.47. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.60. The company has a market cap of $17.61 billion, a PE ratio of 12.51 and a beta of 1.45.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. DISH Network had a net margin of 11.59% and a return on equity of 18.42%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. Research analysts forecast that DISH Network will post 2.44 earnings per share for the current year.

In related news, Director Tom A. Ortolf acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $34.87 per share, for a total transaction of $348,700.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $348,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 52.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc grew its holdings in DISH Network by 1.4% in the third quarter. Vanguard Group Inc now owns 18,882,286 shares of the company’s stock valued at $675,230,000 after purchasing an additional 268,390 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in DISH Network by 8.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock valued at $314,000 after purchasing an additional 1,000 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in DISH Network by 78.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 32,824 shares of the company’s stock valued at $820,000 after purchasing an additional 14,457 shares during the last quarter. Dupont Capital Management Corp grew its holdings in DISH Network by 62.9% in the fourth quarter. Dupont Capital Management Corp now owns 5,939 shares of the company’s stock valued at $148,000 after purchasing an additional 2,293 shares during the last quarter. Finally, TD Asset Management Inc. grew its holdings in DISH Network by 3.1% in the fourth quarter. TD Asset Management Inc. now owns 66,898 shares of the company’s stock valued at $1,670,000 after purchasing an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 48.95% of the company’s stock.

About DISH Network

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

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Analyst Recommendations for DISH Network (NASDAQ:DISH)

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