Citigroup upgraded shares of DISH Network (NASDAQ:DISH) from a neutral rating to a buy rating in a report issued on Wednesday, Marketbeat reports.

Several other equities analysts also recently commented on DISH. Moffett Nathanson reiterated a sell rating on shares of DISH Network in a report on Monday, October 16th. cut their price target on shares of DISH Network from $62.00 to $52.00 and set a hold rating on the stock in a report on Tuesday, October 17th. Barclays cut their price target on shares of DISH Network from $74.00 to $71.00 and set an overweight rating on the stock in a report on Friday, November 10th. Zacks Investment Research downgraded shares of DISH Network from a hold rating to a sell rating in a report on Friday, November 10th. Finally, UBS Group cut their price target on shares of DISH Network from $68.00 to $56.00 and set a neutral rating on the stock in a report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $62.81.

DISH Network (NASDAQ:DISH) opened at $43.40 on Wednesday. The company has a market cap of $20,412.45, a PE ratio of 16.09, a P/E/G ratio of 1.91 and a beta of 1.04. DISH Network has a fifty-two week low of $42.28 and a fifty-two week high of $66.50. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72.

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

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in shares of DISH Network in the 2nd quarter worth approximately $296,000. Dimensional Fund Advisors LP lifted its position in shares of DISH Network by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 578,504 shares of the company’s stock worth $36,307,000 after purchasing an additional 32,225 shares during the period. Stifel Financial Corp lifted its position in shares of DISH Network by 5.5% in the 2nd quarter. Stifel Financial Corp now owns 43,790 shares of the company’s stock worth $2,750,000 after purchasing an additional 2,297 shares during the period. QS Investors LLC lifted its position in shares of DISH Network by 57.3% in the 2nd quarter. QS Investors LLC now owns 4,390 shares of the company’s stock worth $276,000 after purchasing an additional 1,600 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of DISH Network in the 2nd quarter worth approximately $1,067,000. 48.50% of the stock is 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.

Analyst Recommendations for DISH Network (NASDAQ:DISH)

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