DISH Network (DISH) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of DISH Network (NASDAQ:DISH) from a hold rating to a buy rating in a research note released on Saturday.

Other research analysts also recently issued research reports about the stock. Citigroup decreased their price target on shares of DISH Network from $54.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, December 19th. Royal Bank of Canada decreased their price target on shares of DISH Network to $33.00 and set a market perform rating for the company in a research note on Tuesday, February 19th. SunTrust Banks decreased their price target on shares of DISH Network to $30.00 and set a hold rating for the company in a research note on Thursday, February 14th. Zacks Investment Research upgraded shares of DISH Network from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Thursday, January 10th. Finally, Moffett Nathanson upgraded shares of DISH Network from a sell rating to a neutral rating in a research report on Thursday, January 3rd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $37.71.

Shares of DISH Network stock opened at $32.24 on Friday. DISH Network has a 52-week low of $23.22 and a 52-week high of $41.75. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $14.86 billion, a P/E ratio of 10.75 and a beta of 1.57.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, February 13th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). DISH Network had a return on equity of 19.71% and a net margin of 11.56%. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that DISH Network will post 2.53 EPS for the current fiscal year.

In related news, insider James Defranco acquired 5,000 shares of DISH Network stock in a transaction dated Monday, February 11th. The stock was acquired at an average price of $31.67 per share, for a total transaction of $158,350.00. Following the transaction, the insider now owns 1,503,529 shares of the company’s stock, valued at $47,616,763.43. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 195,000 shares of company stock valued at $5,512,000 in the last 90 days. Insiders own 49.20% of the company’s stock.

Several large investors have recently modified their holdings of DISH. Dodge & Cox lifted its position in shares of DISH Network by 13.9% during the 3rd quarter. Dodge & Cox now owns 18,756,046 shares of the company’s stock worth $670,716,000 after buying an additional 2,291,800 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of DISH Network by 6,612.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,666,423 shares of the company’s stock worth $67,000 after buying an additional 1,641,598 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of DISH Network by 146.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,701,900 shares of the company’s stock valued at $42,499,000 after acquiring an additional 1,010,741 shares during the period. Norges Bank acquired a new position in shares of DISH Network in the 4th quarter valued at $19,316,000. Finally, Key Square Capital Management LLC increased its holdings in shares of DISH Network by 28.5% in the 4th quarter. Key Square Capital Management LLC now owns 2,983,796 shares of the company’s stock valued at $74,505,000 after acquiring an additional 661,363 shares during the period. Institutional investors and hedge funds own 48.28% of the company’s stock.

DISH Network Company Profile

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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