Dish Network (NASDAQ:DISH) had its price objective trimmed by Barclays from $58.00 to $55.00 in a research report report published on Monday morning. The firm currently has a buy rating on the stock.
DISH has been the subject of a number of other research reports. Morgan Stanley cut shares of Dish Network from an overweight rating to an equal weight rating and decreased their price target for the stock from $75.00 to $55.00 in a research note on Wednesday, January 17th. Moffett Nathanson upgraded shares of Dish Network from a sell rating to a neutral rating and set a $37.00 price target for the company in a research note on Friday, March 23rd. They noted that the move was a valuation call. Citigroup upgraded shares of Dish Network from a neutral rating to a buy rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Dish Network from a hold rating to a buy rating and set a $50.00 price target for the company in a research note on Thursday, February 22nd. Finally, SunTrust Banks decreased their price target on shares of Dish Network to $44.00 and set a hold rating for the company in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Dish Network has an average rating of Hold and a consensus target price of $60.97.
Shares of Dish Network stock opened at $39.11 on Monday. Dish Network has a 12-month low of $36.00 and a 12-month high of $66.50. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $18,178.53, a PE ratio of 15.40, a P/E/G ratio of -7.89 and a beta of 1.13.
Dish Network (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Dish Network had a net margin of 14.59% and a return on equity of 22.56%. Dish Network’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. research analysts expect that Dish Network will post 2.47 earnings per share for the current year.
In other news, EVP Jeffrey L. Mcschooler sold 739 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $37.66, for a total value of $27,830.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Khemka sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $39.03, for a total transaction of $234,180.00. The disclosure for this sale can be found here. Insiders sold a total of 7,190 shares of company stock valued at $279,087 in the last 90 days. Company insiders own 49.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Dish Network in the 4th quarter worth $105,000. MUFG Americas Holdings Corp lifted its stake in shares of Dish Network by 86.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock worth $133,000 after acquiring an additional 1,300 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Dish Network by 249.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,355 shares of the company’s stock worth $160,000 after acquiring an additional 2,394 shares during the period. Arlington Partners LLC acquired a new stake in shares of Dish Network in the 4th quarter worth $191,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Dish Network in the 4th quarter worth $314,000. Institutional investors own 48.22% of the company’s stock.
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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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