Brokerages Set DISH Network Corporation (DISH) Price Target at $68.97
Shares of DISH Network Corporation (NASDAQ:DISH) have earned an average rating of “Hold” from the twenty-four analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $68.97.
Several brokerages have weighed in on DISH. Deutsche Bank AG reaffirmed a “buy” rating and set a $99.00 price objective on shares of DISH Network Corporation in a research note on Thursday, October 5th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. BidaskClub cut shares of DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of DISH Network Corporation in a research note on Monday, September 25th. Finally, Zacks Investment Research raised shares of DISH Network Corporation from a “sell” rating to a “hold” rating in a research note on Friday.
In related news, CEO Roger Lynch sold 25,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, 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. Insiders sold 26,110 shares of company stock worth $1,555,296 over the last 90 days. 49.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DISH. AXA acquired a new position in DISH Network Corporation in the first quarter valued at approximately $580,000. Municipal Employees Retirement System of Michigan acquired a new position in DISH Network Corporation in the first quarter valued at approximately $464,000. Teachers Advisors LLC lifted its holdings in DISH Network Corporation by 1.1% in the first quarter. Teachers Advisors LLC now owns 347,289 shares of the company’s stock valued at $22,049,000 after buying an additional 3,881 shares during the period. Liberty Mutual Group Asset Management Inc. acquired a new position in DISH Network Corporation in the first quarter valued at approximately $775,000. Finally, Dimensional Fund Advisors LP raised its holdings in DISH Network Corporation by 27.7% in the first quarter. Dimensional Fund Advisors LP now owns 546,279 shares of the company’s stock worth $34,682,000 after purchasing an additional 118,638 shares during the period. Institutional investors and hedge funds own 48.92% of the company’s stock.
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DISH Network Corporation (NASDAQ DISH) traded down 0.04% during midday trading on Thursday, hitting $49.30. The stock had a trading volume of 1,824,063 shares. The company has a market cap of $22.98 billion, a PE ratio of 22.93 and a beta of 0.99. The stock’s 50 day moving average price is $52.96 and its 200-day moving average price is $60.02. DISH Network Corporation has a 52 week low of $47.48 and a 52 week high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.67). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. DISH Network Corporation’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. Equities research analysts predict that DISH Network Corporation will post $2.15 earnings per share for the current year.
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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