DISH Network Corporation (NASDAQ:DISH)‘s stock had its “sell” rating reaffirmed by investment analysts at Moffett Nathanson in a note issued to investors on Monday, October 16th.
Several other research firms have also recently commented on DISH. BidaskClub cut DISH Network Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Morgan Stanley reissued a “buy” rating and issued a $75.00 price target on shares of DISH Network Corporation in a report on Tuesday, October 17th. Telsey Advisory Group reduced their price objective on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Guggenheim reaffirmed a “neutral” rating and set a $62.00 price objective (down from $68.00) on shares of DISH Network Corporation in a report on Thursday, August 24th. Finally, Citigroup Inc. raised DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a report on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $67.38.
DISH Network Corporation (NASDAQ:DISH) traded down 2.98% during mid-day trading on Monday, hitting $46.49. The stock had a trading volume of 4,215,683 shares. The stock has a 50-day moving average price of $51.84 and a 200 day moving average price of $59.49. DISH Network Corporation has a 12-month low of $46.41 and a 12-month high of $66.50. The firm has a market cap of $21.67 billion, a P/E ratio of 21.62 and a beta of 0.99.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.67). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. Equities analysts anticipate that DISH Network Corporation will post $2.18 EPS for the current fiscal year.
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In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the sale, the executive vice president now directly owns 165 shares of the company’s stock, valued at approximately $9,340.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,110 shares of company stock valued at $1,555,296. Company insiders own 49.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. State of Tennessee Treasury Department grew its position in DISH Network Corporation by 10.4% during the second quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock valued at $10,603,000 after acquiring an additional 15,978 shares during the period. Swiss National Bank grew its position in DISH Network Corporation by 3.3% during the second quarter. Swiss National Bank now owns 829,109 shares of the company’s stock valued at $52,035,000 after acquiring an additional 26,200 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in DISH Network Corporation during the second quarter valued at about $304,000. Artemis Investment Management LLP grew its position in DISH Network Corporation by 29.8% during the second quarter. Artemis Investment Management LLP now owns 129,944 shares of the company’s stock valued at $8,156,000 after acquiring an additional 29,821 shares during the period. Finally, CenturyLink Investment Management Co purchased a new stake in DISH Network Corporation during the second quarter valued at about $883,000. 48.94% of the stock is owned by hedge funds and other institutional investors.
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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