Telsey Advisory Group Trims DISH Network Corporation (NASDAQ:DISH) Target Price to $56.00
DISH Network Corporation (NASDAQ:DISH) had its price objective cut by Telsey Advisory Group from $62.00 to $56.00 in a report issued on Friday, Marketbeat reports. They currently have a market perform rating on the stock.
A number of other brokerages have also issued reports on DISH. BidaskClub raised DISH Network Corporation from a hold rating to a buy rating in a research report on Wednesday, July 12th. Wunderlich reaffirmed a sell rating and set a $54.00 price target on shares of DISH Network Corporation in a research report on Monday, June 12th. Hilliard Lyons lowered DISH Network Corporation from a buy rating to a neutral rating in a research report on Monday, May 1st. Citigroup Inc. lowered DISH Network Corporation from a buy rating to a sell rating and lowered their price target for the stock from $94.00 to $52.00 in a research report on Wednesday, July 26th. Finally, Macquarie reaffirmed a hold rating and set a $68.00 price target on shares of DISH Network Corporation in a research report on Thursday. Four 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. The company presently has a consensus rating of Hold and an average target price of $70.31.
Shares of DISH Network Corporation (NASDAQ:DISH) traded down 0.51% during midday trading on Friday, hitting $60.31. The company had a trading volume of 541,000 shares. The firm has a market capitalization of $28.10 billion, a P/E ratio of 20.37 and a beta of 0.96. The firm’s 50-day moving average is $64.33 and its 200-day moving average is $62.83. DISH Network Corporation has a 12-month low of $48.51 and a 12-month high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.67. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business posted $0.88 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts predict that DISH Network Corporation will post $2.70 earnings per share for the current fiscal year.
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In other news, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 49.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Aviva PLC increased its position in shares of DISH Network Corporation by 2.0% in the second quarter. Aviva PLC now owns 136,007 shares of the company’s stock valued at $8,537,000 after buying an additional 2,690 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in DISH Network Corporation by 2.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 630,790 shares of the company’s stock valued at $39,588,000 after buying an additional 12,120 shares during the period. GAM Holding AG increased its stake in DISH Network Corporation by 278.6% in the second quarter. GAM Holding AG now owns 27,178 shares of the company’s stock valued at $1,706,000 after buying an additional 20,000 shares during the period. Federated Investors Inc. PA increased its stake in DISH Network Corporation by 178.4% in the second quarter. Federated Investors Inc. PA now owns 24,418 shares of the company’s stock valued at $1,532,000 after buying an additional 15,647 shares during the period. Finally, Cadence Capital Management LLC increased its stake in DISH Network Corporation by 3.6% in the second quarter. Cadence Capital Management LLC now owns 7,618 shares of the company’s stock valued at $478,000 after buying an additional 265 shares during the period. Institutional investors own 49.99% 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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