BidaskClub cut shares of DISH Network Corporation (NASDAQ:DISH) from a hold rating to a sell rating in a report released on Sunday.
Several other analysts also recently commented on the stock. Hilliard Lyons downgraded shares of DISH Network Corporation from a buy rating to a neutral rating in a report on Monday, May 1st. Barclays PLC upgraded shares of DISH Network Corporation from an equal weight rating to an overweight rating and increased their target price for the company from $62.00 to $74.00 in a report on Thursday, April 27th. Deutsche Bank AG lowered their target price on shares of DISH Network Corporation from $103.00 to $102.00 and set a buy rating for the company in a report on Wednesday, April 19th. Pivotal Research downgraded shares of DISH Network Corporation from a buy rating to a hold rating and lowered their target price for the company from $86.00 to $70.00 in a report on Monday, May 1st. Finally, Macquarie downgraded shares of DISH Network Corporation from an outperform rating to a neutral rating and lowered their target price for the company from $70.00 to $61.00 in a report on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $70.31.
Shares of DISH Network Corporation (DISH) opened at 59.74 on Friday. The company’s 50 day moving average is $64.03 and its 200-day moving average is $62.81. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 20.18 and a beta of 0.96. DISH Network Corporation has a one year low of $48.51 and a one year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.67. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Equities analysts expect that DISH Network Corporation will post $2.46 EPS for the current year.
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In other news, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The disclosure for this sale can be found here. Insiders sold 26,100 shares of company stock valued at $1,565,779 in the last quarter. Corporate insiders own 49.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Reliance Trust Co. of Delaware increased its position in DISH Network Corporation by 23.1% in the first quarter. Reliance Trust Co. of Delaware now owns 23,657 shares of the company’s stock valued at $1,502,000 after buying an additional 4,439 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in DISH Network Corporation during the first quarter valued at $883,000. Doyle Wealth Management acquired a new position in DISH Network Corporation during the first quarter valued at $8,056,000. Fox Run Management L.L.C. acquired a new position in DISH Network Corporation during the first quarter valued at $239,000. Finally, Capstone Asset Management Co. increased its position in DISH Network Corporation by 235.9% in the first quarter. Capstone Asset Management Co. now owns 16,247 shares of the company’s stock valued at $1,032,000 after buying an additional 11,410 shares during the last quarter. Hedge funds and other institutional investors own 49.99% 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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