DISH Network Corporation (DISH) Earns “Hold” Rating from Macquarie
DISH has been the subject of a number of other reports. Deutsche Bank AG lowered their target price on DISH Network Corporation from $103.00 to $102.00 and set a buy rating for the company in a report on Wednesday, April 19th. BidaskClub cut DISH Network Corporation from a hold rating to a sell rating in a report on Monday, July 31st. Wells Fargo & Company restated an outperform rating and set a $88.50 target price on shares of DISH Network Corporation in a report on Tuesday, May 2nd. Citigroup Inc. cut DISH Network Corporation from a buy rating to a sell rating and lowered their target price for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. Finally, Pivotal Research cut DISH Network Corporation from a buy rating to a hold rating and lowered their target price for the company from $86.00 to $70.00 in a report on Monday, May 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. DISH Network Corporation presently has an average rating of Hold and an average target price of $70.31.
DISH Network Corporation (DISH) traded down 0.80% during mid-day trading on Thursday, reaching $60.62. 2,401,657 shares of the company were exchanged. The stock’s 50-day moving average price is $64.33 and its 200-day moving average price is $62.83. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.50. The stock has a market capitalization of $28.24 billion, a price-to-earnings ratio of 20.47 and a beta of 0.96.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 28.68%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that DISH Network Corporation will post $2.70 EPS for the current fiscal year.
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In related news, EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 49.30% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in DISH Network Corporation by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 427,641 shares of the company’s stock valued at $24,775,000 after buying an additional 20,211 shares during the last quarter. AQR Capital Management LLC acquired a new stake in DISH Network Corporation during the fourth quarter valued at $723,000. Teachers Advisors LLC boosted its stake in DISH Network Corporation by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 343,408 shares of the company’s stock valued at $19,894,000 after buying an additional 19,389 shares during the last quarter. Foundry Partners LLC acquired a new stake in DISH Network Corporation during the first quarter valued at $439,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in DISH Network Corporation during the first quarter valued at $12,448,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.
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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