Barclays PLC Lowers DISH Network Corporation (DISH) Price Target to $71.00

DISH Network Corporation (NASDAQ:DISH) had its price target decreased by equities researchers at Barclays PLC from $74.00 to $71.00 in a report released on Friday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 39.74% from the company’s previous close.

DISH has been the topic of a number of other research reports. Deutsche Bank AG reissued a “buy” rating and set a $99.00 price target on shares of DISH Network Corporation in a research report on Thursday, October 5th. Zacks Investment Research raised DISH Network Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. BidaskClub downgraded DISH Network Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $80.00 price target on shares of DISH Network Corporation in a research report on Monday, September 25th. Finally, Macquarie reissued a “hold” rating and set a $60.00 price target (down previously from $68.00) on shares of DISH Network Corporation in a research report on Monday, October 2nd. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.39.

DISH Network Corporation (NASDAQ:DISH) traded up $0.51 during midday trading on Friday, hitting $50.81. The stock had a trading volume of 2,211,700 shares, compared to its average volume of 2,713,139. DISH Network Corporation has a 52-week low of $46.07 and a 52-week high of $66.50. The company has a market cap of $23,683.15, a P/E ratio of 18.68, a P/E/G ratio of 2.38 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72.

DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. equities analysts expect that DISH Network Corporation will post 2.06 EPS for the current fiscal year.

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In related news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, the executive vice president now directly owns 165 shares in the company, valued at $9,340.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 1,110 shares of company stock valued at $62,046. Company insiders own 49.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC increased its position in shares of DISH Network Corporation by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of DISH Network Corporation by 32.2% in the second quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock valued at $1,593,000 after buying an additional 426 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position in shares of DISH Network Corporation by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after buying an additional 100 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new stake in shares of DISH Network Corporation in the third quarter valued at approximately $140,000. Finally, Huntington National Bank increased its position in shares of DISH Network Corporation by 12.1% in the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after buying an additional 281 shares in the last quarter. Institutional investors own 48.76% 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.

Analyst Recommendations for DISH Network Corporation (NASDAQ:DISH)

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