Moffett Nathanson upgraded shares of DISH Network (NASDAQ:DISH) from a sell rating to a neutral rating in a research report report published on Thursday, January 3rd, Marketbeat Ratings reports.
A number of other analysts have also recently weighed in on DISH. Zacks Investment Research upgraded DISH Network from a hold rating to a strong-buy rating and set a $42.00 price target on the stock in a research report on Monday, September 17th. Pivotal Research lowered their price target on DISH Network from $40.00 to $37.00 and set a buy rating on the stock in a research report on Friday, November 2nd. Guggenheim upgraded DISH Network from a neutral rating to a buy rating and lifted their price target for the company from $32.00 to $50.00 in a research report on Wednesday, October 24th. Morgan Stanley reduced their price objective on DISH Network from $39.00 to $37.00 and set an equal weight rating for the company in a research note on Thursday, December 6th. Finally, Macquarie reissued a sell rating and set a $30.00 price objective on shares of DISH Network in a research note on Sunday, November 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. DISH Network currently has a consensus rating of Hold and an average price target of $39.07.
Shares of NASDAQ:DISH opened at $28.15 on Thursday. DISH Network has a 12 month low of $23.22 and a 12 month high of $49.78. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.67. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 11.08 and a beta of 1.39.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. DISH Network had a return on equity of 20.26% and a net margin of 19.01%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. DISH Network’s revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts predict that DISH Network will post 2.92 EPS for the current fiscal year.
In related news, insider James Defranco acquired 25,000 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $29.00 per share, with a total value of $725,000.00. Following the completion of the acquisition, the insider now owns 1,248,529 shares of the company’s stock, valued at $36,207,341. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 205,000 shares of company stock worth $6,013,100 over the last ninety days. Company insiders own 49.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in DISH. CENTRAL TRUST Co acquired a new position in shares of DISH Network in the 4th quarter worth approximately $53,000. Dupont Capital Management Corp acquired a new position in shares of DISH Network in the 3rd quarter worth approximately $130,000. First Hawaiian Bank acquired a new position in shares of DISH Network in the 4th quarter worth approximately $195,000. Cadence Capital Management LLC acquired a new position in shares of DISH Network in the 3rd quarter worth approximately $216,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of DISH Network by 293.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock worth $222,000 after acquiring an additional 4,936 shares in the last quarter. 48.61% of the stock is currently owned by institutional investors and hedge funds.
DISH Network Company Profile
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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