DISH Network Corporation (NASDAQ:DISH) had its price target cut by stock analysts at UBS AG from $68.00 to $56.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. UBS AG’s target price points to a potential upside of 10.21% from the stock’s previous close.
DISH has been the topic of several other research reports. Zacks Investment Research upgraded DISH Network Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Citigroup Inc. upgraded DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective on the stock in a report on Friday, September 15th. Macquarie restated a “hold” rating and set a $60.00 price objective (down previously from $68.00) on shares of DISH Network Corporation in a report on Monday, October 2nd. Wells Fargo & Company restated an “outperform” rating and set a $88.50 price objective on shares of DISH Network Corporation in a report on Thursday, August 31st. Finally, BidaskClub cut DISH Network Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. DISH Network Corporation currently has a consensus rating of “Hold” and a consensus target price of $65.39.
Shares of DISH Network Corporation (DISH) traded up $0.51 during trading hours on Friday, reaching $50.81. The company’s stock had a trading volume of 2,211,700 shares, compared to its average volume of 2,713,139. The firm has a market cap of $23,683.15, a PE ratio of 18.68, a PEG ratio of 2.38 and a beta of 1.08. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network Corporation has a 52-week low of $46.07 and a 52-week high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. DISH Network Corporation’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. equities analysts anticipate that DISH Network Corporation will post 2.06 EPS for the current year.
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In other news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the sale, the executive vice president now directly owns 165 shares of the company’s stock, valued at $9,340.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 1,110 shares of company stock worth $62,046. Corporate insiders own 49.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Ray Gerald L & Associates Ltd. increased its holdings in DISH Network Corporation by 113.6% in the third quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock valued at $683,000 after buying an additional 6,700 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in DISH Network Corporation by 10.4% in the second quarter. State of Tennessee Treasury Department now owns 168,943 shares of the company’s stock valued at $10,603,000 after buying an additional 15,978 shares during the last quarter. Swiss National Bank increased its holdings in DISH Network Corporation by 3.3% in the second quarter. Swiss National Bank now owns 829,109 shares of the company’s stock valued at $52,035,000 after buying an additional 26,200 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in DISH Network Corporation in the second quarter valued at about $304,000. Finally, Quantitative Systematic Strategies LLC increased its holdings in DISH Network Corporation by 33.9% in the third quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock valued at $308,000 after buying an additional 1,439 shares during the last quarter. 48.76% of the stock is owned by hedge funds and other institutional investors.
About DISH Network Corporation
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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