Media stories about DISH Network Corporation (NASDAQ:DISH) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DISH Network Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.1901385921444 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Microsoft Corporation (MSFT) Stake Decreased by Garde Capital Inc (techkenyot.com)
- As streaming grows, Dish Network spends less to lure new satellite-TV subscribers (bizjournals.com)
- Sling TV Introduces In-Browser Viewing on Google Chrome, Now in Beta (finance.yahoo.com)
- New Executive to Lead Dish’s Sling TV (homemediamagazine.com)
- DISH Network (DISH) Announces New Leadership Structure for Sling TV Following Departure of Roger Lynch (streetinsider.com)
DISH Network Corporation (NASDAQ:DISH) traded down 0.97% during mid-day trading on Tuesday, reaching $58.15. The company had a trading volume of 1,191,382 shares. The company has a market capitalization of $27.10 billion, a price-to-earnings ratio of 27.05 and a beta of 0.96. The firm’s 50 day moving average price is $63.23 and its 200-day moving average price is $62.75. DISH Network Corporation has a 12 month low of $48.51 and a 12 month high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. Equities research analysts anticipate that DISH Network Corporation will post $2.37 earnings per share for the current year.
A number of equities research analysts have commented on the company. UBS AG reiterated a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of DISH Network Corporation in a research note on Tuesday, May 2nd. Barclays PLC upgraded DISH Network Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $62.00 to $74.00 in a research note on Thursday, April 27th. Macquarie reiterated a “hold” rating and issued a $65.00 price target on shares of DISH Network Corporation in a research note on Monday, May 1st. Wells Fargo & Company reiterated an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. Finally, Hilliard Lyons cut DISH Network Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $70.31.
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In other news, EVP R Stanton Dodge sold 1,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Roger Lynch sold 25,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,100 shares of company stock valued at $1,565,779. Company insiders own 49.30% 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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