DISH Network Corp (NASDAQ:DISH)’s share price was down 5.3% during mid-day trading on Thursday . The company traded as low as $45.14 and last traded at $45.45. Approximately 6,754,700 shares traded hands during trading, an increase of 175% from the average daily volume of 2,452,818 shares. The stock had previously closed at $47.99.

A number of equities analysts recently issued reports on DISH shares. Zacks Investment Research upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $54.00 price objective (down from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. Macquarie reiterated a “hold” rating and set a $60.00 price objective (down from $68.00) on shares of DISH Network in a research report on Monday, October 2nd. Moffett Nathanson reiterated a “sell” rating on shares of DISH Network in a research report on Monday, October 16th. Finally, SunTrust Banks reiterated a “hold” rating and set a $60.00 price objective on shares of DISH Network in a research report on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.81.

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 company has a market capitalization of $21,060.68, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09.

DISH Network (NASDAQ:DISH) last posted its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. analysts forecast that DISH Network Corp will post 2.02 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of DISH Network by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after purchasing an additional 409,704 shares during the last quarter. FMR LLC boosted its stake in shares of DISH Network by 22.7% in the 2nd quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after purchasing an additional 831,768 shares during the last quarter. Paulson & CO. Inc. boosted its stake in shares of DISH Network by 15.9% in the 2nd quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after purchasing an additional 548,700 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of DISH Network by 0.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock valued at $153,496,000 after purchasing an additional 25,695 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of DISH Network by 5.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,130,000 shares of the company’s stock valued at $61,280,000 after purchasing an additional 60,000 shares during the last quarter. 48.54% of the stock is currently owned by institutional investors.

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DISH Network 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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