DISH Network Corp (DISH) Receives $64.97 Consensus Price Target from Analysts

DISH Network Corp (NASDAQ:DISH) has earned an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $64.97.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut DISH Network from a “buy” rating to a “hold” rating in a research note on Friday. Pivotal Research restated a “buy” rating and set a $65.00 target price (down from $67.00) on shares of DISH Network in a research note on Thursday. Barclays cut their target price on DISH Network from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Citigroup upgraded DISH Network from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, UBS Group cut their target price on DISH Network from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, November 10th.

Shares of DISH Network (NASDAQ DISH) traded up $0.61 during mid-day trading on Wednesday, hitting $44.48. The company had a trading volume of 2,737,006 shares, compared to its average volume of 2,562,919. The company has a current ratio of 0.68, a quick ratio of 0.57 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $20,459.08, a PE ratio of 10.96, a P/E/G ratio of 1.91 and a beta of 1.04. DISH Network has a fifty-two week low of $42.28 and a fifty-two week high of $66.50.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.52 billion. DISH Network had a return on equity of 22.56% and a net margin of 14.59%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. equities research analysts predict that DISH Network will post 2.22 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its holdings in shares of DISH Network by 9.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 31,777 shares of the company’s stock worth $1,517,000 after buying an additional 2,732 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of DISH Network by 6.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,521 shares of the company’s stock worth $4,084,000 after buying an additional 5,528 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of DISH Network during the fourth quarter worth $363,000. MetLife Investment Advisors LLC acquired a new position in shares of DISH Network during the fourth quarter worth $3,367,000. Finally, Gotham Asset Management LLC increased its holdings in shares of DISH Network by 42.1% during the fourth quarter. Gotham Asset Management LLC now owns 296,118 shares of the company’s stock worth $14,140,000 after buying an additional 87,718 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

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About DISH Network

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 (NASDAQ:DISH)

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