Moffett Nathanson Reaffirms Sell Rating for DISH Network Corporation (NASDAQ:DISH)

DISH Network Corporation (NASDAQ:DISH)‘s stock had its “sell” rating restated by analysts at Moffett Nathanson in a research report issued on Monday, October 16th.

Several other research firms have also recently issued reports on DISH. Citigroup Inc. upgraded shares of DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective on the stock in a research report on Friday, September 15th. Macquarie reiterated a “hold” rating and set a $60.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a research report on Monday, October 2nd. Wells Fargo & Company reiterated an “outperform” rating and set a $88.50 price objective on shares of DISH Network Corporation in a research report on Thursday, August 31st. BidaskClub cut shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, TheStreet cut shares of DISH Network Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $67.38.

DISH Network Corporation (NASDAQ:DISH) traded down 2.98% during mid-day trading on Monday, hitting $46.49. 4,215,683 shares of the company traded hands. The firm has a 50 day moving average of $51.84 and a 200 day moving average of $59.49. DISH Network Corporation has a one year low of $46.41 and a one year high of $66.50. The firm has a market capitalization of $21.67 billion, a P/E ratio of 21.62 and a beta of 0.99.

DISH Network Corporation (NASDAQ:DISH) last released its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the business posted $0.88 EPS. DISH Network Corporation’s revenue was down 5.7% on a year-over-year basis. Equities research analysts expect that DISH Network Corporation will post $2.18 earnings per share for the current fiscal year.

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In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the sale, the executive vice president now directly owns 165 shares of the company’s stock, valued at $9,340.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Insiders have sold 26,110 shares of company stock valued at $1,555,296 over the last three months. Insiders own 49.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DISH. American Century Companies Inc. raised its holdings in shares of DISH Network Corporation by 184.5% in the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock valued at $89,770,000 after acquiring an additional 927,537 shares in the last quarter. FMR LLC raised its holdings in shares of DISH Network Corporation by 22.7% in the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after acquiring an additional 831,768 shares in the last quarter. Paulson & CO. Inc. raised its holdings in shares of DISH Network Corporation by 15.9% in the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after acquiring an additional 548,700 shares in the last quarter. Morgan Stanley raised its holdings in shares of DISH Network Corporation by 147.6% in the first quarter. Morgan Stanley now owns 798,194 shares of the company’s stock valued at $50,677,000 after acquiring an additional 475,875 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of DISH Network Corporation by 134.8% in the second quarter. Teachers Advisors LLC now owns 815,292 shares of the company’s stock valued at $51,168,000 after acquiring an additional 468,003 shares in the last quarter. Hedge funds and other institutional investors own 48.94% 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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