DISH Network Corp (NASDAQ:DISH)’s share price fell 5.2% during trading on Wednesday . The company traded as low as $49.29 and last traded at $49.31. 3,568,543 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 2,678,151 shares. The stock had previously closed at $52.03.
A number of research firms have recently commented on DISH. Moffett Nathanson reissued a “sell” rating and issued a $37.00 price target (down previously from $45.00) on shares of DISH Network in a research report on Tuesday, September 26th. BidaskClub lowered shares of DISH Network from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. dropped their target price on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, October 17th. Guggenheim reaffirmed a “neutral” rating and set a $62.00 target price (down previously from $68.00) on shares of DISH Network in a research report on Thursday, August 24th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $80.00 target price on shares of DISH Network in a research report on Monday, September 25th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. DISH Network presently has an average rating of “Hold” and an average target price of $63.92.
The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market capitalization of $24,064.02, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ray Gerald L & Associates Ltd. boosted its stake in DISH Network by 113.6% during the third quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock worth $683,000 after buying an additional 6,700 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in DISH Network by 10.4% during the second quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock worth $10,603,000 after buying an additional 15,978 shares in the last quarter. Swiss National Bank boosted its stake in DISH Network by 3.3% during the second quarter. Swiss National Bank now owns 829,109 shares of the company’s stock worth $52,035,000 after buying an additional 26,200 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in DISH Network during the second quarter worth $304,000. Finally, Quantitative Systematic Strategies LLC boosted its stake in DISH Network by 33.9% during the third quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock worth $308,000 after buying an additional 1,439 shares in the last quarter. Hedge funds and other institutional investors own 48.58% of the company’s stock.
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About DISH Network
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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