DISH Network (DISH) Research Coverage Started at Wolfe Research

Investment analysts at Wolfe Research initiated coverage on shares of DISH Network (NASDAQ:DISH) in a research note issued on Friday, The Fly reports. The brokerage set a “market perform” rating on the stock.

DISH has been the topic of a number of other research reports. Pivotal Research dropped their price objective on DISH Network from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Guggenheim raised DISH Network from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $50.00 in a report on Wednesday, October 24th. Zacks Investment Research cut DISH Network from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. BidaskClub cut DISH Network from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. Finally, Macquarie cut DISH Network from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $36.00 to $31.00 in a report on Tuesday, October 23rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.54.

DISH traded up $0.01 during trading on Friday, reaching $32.01. 26,327 shares of the company were exchanged, compared to its average volume of 2,382,368. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 12.61 and a beta of 1.22. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.56 and a current ratio of 0.62. DISH Network has a 12-month low of $27.54 and a 12-month high of $50.49.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.15. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.40 billion. DISH Network had a return on equity of 20.26% and a net margin of 19.01%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, research analysts forecast that DISH Network will post 2.96 earnings per share for the current fiscal year.

In other DISH Network news, EVP James Defranco bought 5,000 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were acquired at an average cost of $28.99 per share, for a total transaction of $144,950.00. Following the purchase, the executive vice president now directly owns 1,248,529 shares of the company’s stock, valued at $36,194,855.71. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 135,000 shares of company stock worth $4,337,300 over the last 90 days. Corporate insiders own 49.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in DISH. Dodge & Cox increased 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 valued at $670,716,000 after purchasing an additional 2,291,800 shares during the last quarter. Key Square Capital Management LLC bought a new position in DISH Network during the 2nd quarter worth approximately $71,822,000. BlueMountain Capital Management LLC bought a new position in DISH Network during the 2nd quarter worth approximately $32,423,000. First Trust Advisors LP grew its position in DISH Network by 286.6% during the 2nd quarter. First Trust Advisors LP now owns 803,108 shares of the company’s stock worth $26,992,000 after acquiring an additional 595,347 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new position in DISH Network during the 2nd quarter worth approximately $12,173,000. Hedge funds and other institutional investors own 48.64% of the company’s stock.

About DISH Network

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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