Dish Network Corp. (NASDAQ:DISH) traded down 5.2% during trading on Tuesday . The company traded as low as $49.60 and last traded at $50.72, with a volume of 7,879,274 shares. The stock had previously closed at $53.48.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Dish Network Corp. in a research note on Saturday, June 4th. Macquarie restated a “hold” rating and set a $62.00 target price on shares of Dish Network Corp. in a research note on Tuesday, May 31st. Jefferies Group restated a “buy” rating and set a $50.73 target price (down previously from $80.00) on shares of Dish Network Corp. in a research note on Friday, June 3rd. Telsey Advisory Group decreased their target price on shares of Dish Network Corp. from $69.00 to $62.00 and set a “market perform” rating on the stock in a research note on Monday, July 25th. Finally, Morgan Stanley restated a “hold” rating on shares of Dish Network Corp. in a research note on Tuesday, April 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.82.

The firm has a 50 day moving average of $52.19 and a 200-day moving average of $48.78. The firm has a market capitalization of $24.08 billion and a price-to-earnings ratio of 27.67.

Dish Network Corp. (NASDAQ:DISH) last issued its earnings results on Thursday, July 21st. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The company earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Dish Network Corp. will post $3.05 EPS for the current year.

In other Dish Network Corp. news, EVP R Stanton Dodge sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $48.79, for a total value of $975,800.00. Following the completion of the sale, the executive vice president now directly owns 20,637 shares in the company, valued at approximately $1,006,879.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Several institutional investors have added to or reduced their stakes in DISH. BlackRock Advisors LLC boosted its position in Dish Network Corp. by 23.8% in the fourth quarter. BlackRock Advisors LLC now owns 1,326,952 shares of the company’s stock worth $75,875,000 after buying an additional 254,751 shares in the last quarter. Utah Retirement Systems boosted its position in Dish Network Corp. by 0.3% in the fourth quarter. Utah Retirement Systems now owns 39,016 shares of the company’s stock worth $2,231,000 after buying an additional 100 shares in the last quarter. I.G. Investment Management LTD. boosted its position in Dish Network Corp. by 1.5% in the fourth quarter. I.G. Investment Management LTD. now owns 63,436 shares of the company’s stock worth $3,627,000 after buying an additional 949 shares in the last quarter. Trexquant Investment LP boosted its position in Dish Network Corp. by 595.2% in the fourth quarter. Trexquant Investment LP now owns 29,200 shares of the company’s stock worth $1,670,000 after buying an additional 25,000 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its position in Dish Network Corp. by 3.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 48,300 shares of the company’s stock worth $2,762,000 after buying an additional 1,700 shares in the last quarter.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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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