DISH Network Corporation (DISH) Upgraded to Neutral by Citigroup Inc.
Citigroup Inc. upgraded shares of DISH Network Corporation (NASDAQ:DISH) from a sell rating to a neutral rating in a research note issued to investors on Friday. Citigroup Inc. currently has $54.00 price target on the stock.
Several other brokerages have also issued reports on DISH. BidaskClub upgraded DISH Network Corporation from a hold rating to a buy rating in a research note on Wednesday, July 12th. Wunderlich restated a sell rating and set a $54.00 price target on shares of DISH Network Corporation in a research note on Monday, June 12th. Macquarie restated a hold rating and set a $68.00 price target on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Wells Fargo & Company restated an outperform rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada set a $56.00 price target on DISH Network Corporation and gave the company a hold rating in a research note on Saturday, May 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. DISH Network Corporation currently has an average rating of Hold and a consensus target price of $69.97.
DISH Network Corporation (DISH) traded down 0.23% on Friday, reaching $52.95. The company’s stock had a trading volume of 3,134,613 shares. The stock’s 50 day moving average is $58.03 and its 200-day moving average is $61.89. The firm has a market capitalization of $24.68 billion, a PE ratio of 24.63 and a beta of 0.98. DISH Network Corporation has a 52 week low of $51.76 and a 52 week high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. Analysts predict that DISH Network Corporation will post $2.23 EPS for the current year.
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In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now directly owns 165 shares in the company, valued at approximately $9,340.65. The disclosure for this sale can be found here. Insiders sold a total of 25,885 shares of company stock worth $1,544,018 over the last three months. 49.30% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of DISH. State Street Corp lifted its holdings in DISH Network Corporation by 126.2% during the 1st quarter. State Street Corp now owns 9,069,843 shares of the company’s stock worth $575,841,000 after buying an additional 5,059,383 shares in the last quarter. Vanguard Group Inc. lifted its holdings in DISH Network Corporation by 41.1% during the 1st quarter. Vanguard Group Inc. now owns 14,269,188 shares of the company’s stock worth $905,951,000 after buying an additional 4,158,136 shares in the last quarter. Paulson & CO. Inc. acquired a new position in DISH Network Corporation during the 1st quarter worth $219,047,000. Alliancebernstein L.P. lifted its holdings in DISH Network Corporation by 768.3% during the 1st quarter. Alliancebernstein L.P. now owns 1,367,296 shares of the company’s stock worth $86,810,000 after buying an additional 1,209,821 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in DISH Network Corporation by 1,731.2% during the 1st quarter. Prudential Financial Inc. now owns 1,246,885 shares of the company’s stock worth $79,164,000 after buying an additional 1,178,795 shares in the last quarter. 48.93% of the stock is currently owned by hedge funds and other institutional investors.
DISH Network Corporation Company Profile
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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