UBS AG Trims DISH Network Corporation (DISH) Target Price to $56.00
DISH Network Corporation (NASDAQ:DISH) had its price objective trimmed by UBS AG from $68.00 to $56.00 in a report published on Friday morning, www.benzinga.com reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently commented on DISH. Telsey Advisory Group decreased their price objective on DISH Network Corporation from $62.00 to $56.00 and set a market perform rating on the stock in a report on Friday, August 4th. BidaskClub cut DISH Network Corporation from a hold rating to a sell rating in a report on Sunday, August 6th. Zacks Investment Research cut DISH Network Corporation from a hold rating to a sell rating in a report on Friday. Moffett Nathanson reiterated a sell rating and issued a $37.00 price objective (down from $45.00) on shares of DISH Network Corporation in a report on Tuesday, September 26th. Finally, TheStreet cut DISH Network Corporation from a b rating to a c+ rating in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $65.39.
DISH Network Corporation (DISH) traded up $0.51 during mid-day trading on Friday, hitting $50.81. The stock had a trading volume of 2,211,700 shares, compared to its average volume of 2,713,139. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $23,683.15, a price-to-earnings ratio of 18.68, a PEG ratio of 2.38 and a beta of 1.08. DISH Network Corporation has a 1-year low of $46.07 and a 1-year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). DISH Network Corporation had a net margin of 7.22% and a return on equity of 25.97%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. equities research analysts forecast that DISH Network Corporation will post 2.06 earnings per share for the current fiscal year.
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In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the 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 owns 165 shares of the company’s stock, valued at $9,340.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,110 shares of company stock worth $62,046 in the last three months. 49.30% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Sun Life Financial INC increased its holdings in DISH Network Corporation by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares during the last quarter. IHT Wealth Management LLC increased its holdings in DISH Network Corporation by 32.2% in the second quarter. IHT Wealth Management LLC now owns 1,750 shares of the company’s stock valued at $1,593,000 after buying an additional 426 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in DISH Network Corporation by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after buying an additional 100 shares during the last quarter. Rockefeller Financial Services Inc. purchased a new position in DISH Network Corporation in the third quarter valued at $140,000. Finally, Huntington National Bank grew its holdings in shares of 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 last quarter. 48.76% of the stock is currently owned by hedge funds and other institutional investors.
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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