DISH Network Corporation (DISH) Earns “Sell” Rating from Moffett Nathanson
A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley reissued a buy rating and issued a $75.00 price target on shares of DISH Network Corporation in a research note on Tuesday. HSBC Holdings plc dropped their price target on shares of DISH Network Corporation from $62.00 to $52.00 and set a hold rating on the stock in a research note on Tuesday. Deutsche Bank AG reissued a buy rating and issued a $99.00 price target on shares of DISH Network Corporation in a research note on Thursday, October 5th. Macquarie reaffirmed a hold rating and set a $60.00 target price (down previously from $68.00) on shares of DISH Network Corporation in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $80.00 target price on shares of DISH Network Corporation in a research note on Monday, September 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $67.38.
DISH Network Corporation (NASDAQ DISH) opened at 49.32 on Monday. DISH Network Corporation has a 12 month low of $47.48 and a 12 month high of $66.50. The company has a market cap of $22.99 billion, a price-to-earnings ratio of 22.94 and a beta of 0.99. The company’s 50 day moving average is $53.19 and its 200-day moving average is $60.12.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (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 27.88%. The company 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. DISH Network Corporation’s revenue was down 5.7% compared to the same quarter last year. On average, analysts expect that DISH Network Corporation will post $2.15 earnings per share for the current fiscal year.
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In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $59.73, for a total transaction of $1,493,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the business’s 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 owns 165 shares in the company, valued at $9,340.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,110 shares of company stock worth $1,555,296. 49.30% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Sun Life Financial INC increased its stake in DISH Network Corporation by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after purchasing an additional 1,658 shares during the period. IHT Wealth Management LLC increased its stake in DISH Network Corporation by 32.2% during the second quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock worth $1,593,000 after purchasing an additional 426 shares during the period. Paradigm Asset Management Co. LLC increased its stake in DISH Network Corporation by 4.2% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after purchasing an additional 100 shares during the period. Invictus RG purchased a new stake in DISH Network Corporation during the first quarter worth about $160,000. Finally, Huntington National Bank increased its stake in DISH Network Corporation by 12.1% during the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after purchasing an additional 281 shares during the period. Institutional investors own 48.92% of the company’s stock.
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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