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.
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.
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