Morgan Stanley downgraded shares of DISH Network (NASDAQ:DISH) from an overweight rating to an equal weight rating in a report released on Wednesday, January 17th, Marketbeat reports. They currently have $55.00 price target on the stock, down from their prior price target of $75.00.
A number of other equities analysts have also recently weighed in on DISH. Jefferies Group reaffirmed a buy rating and set a $80.00 price target on shares of DISH Network in a research note on Monday, September 25th. Moffett Nathanson reissued a sell rating and issued a $37.00 price objective (down from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. Macquarie reissued a hold rating and issued a $60.00 price objective (down from $68.00) on shares of DISH Network in a research note on Monday, October 2nd. Deutsche Bank reissued a buy rating and issued a $99.00 price objective on shares of DISH Network in a research note on Thursday, October 5th. Finally, reduced their target price on shares of DISH Network from $62.00 to $52.00 and set a hold rating on the stock in a report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $62.81.
Shares of DISH Network (NASDAQ:DISH) traded up $0.60 on Wednesday, reaching $44.00. 1,960,000 shares of the company’s stock traded hands, compared to its average volume of 2,450,000. 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 has a 12 month low of $42.28 and a 12 month high of $66.50. The firm has a market cap of $20,520.00, a PE ratio of 20.75, a P/E/G ratio of 1.89 and a beta of 1.04.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of DISH Network by 2.9% during the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock worth $921,246,000 after buying an additional 409,704 shares in the last quarter. BlackRock Inc. grew its position in shares of DISH Network by 1.9% during the second quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock worth $858,929,000 after buying an additional 259,139 shares in the last quarter. FMR LLC boosted its holdings in DISH Network by 22.7% in the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock worth $282,314,000 after purchasing an additional 831,768 shares during the period. Paulson & CO. Inc. boosted its holdings in DISH Network by 15.9% in the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock worth $250,965,000 after purchasing an additional 548,700 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in DISH Network by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock worth $153,496,000 after purchasing an additional 25,695 shares during the period. 48.47% of the stock is owned by institutional investors.
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DISH Network 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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