DISH Network (NASDAQ:DISH) had its price target raised by Morgan Stanley from $36.00 to $39.00 in a report published on Friday. They currently have an equal weight rating on the stock.

DISH has been the topic of a number of other reports. BidaskClub downgraded shares of DISH Network from a sell rating to a strong sell rating in a report on Friday, July 27th. Zacks Investment Research upgraded shares of DISH Network from a hold rating to a buy rating and set a $41.00 target price on the stock in a report on Wednesday, August 29th. Credit Suisse Group initiated coverage on shares of DISH Network in a report on Tuesday, July 10th. They issued an underperform rating and a $30.00 target price on the stock. Goldman Sachs Group restated a neutral rating on shares of DISH Network in a report on Thursday, June 28th. Finally, Moffett Nathanson downgraded shares of DISH Network from a neutral rating to a sell rating and set a $29.00 target price on the stock. in a report on Monday, August 13th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. DISH Network currently has a consensus rating of Hold and a consensus price target of $50.82.

Shares of NASDAQ DISH opened at $34.87 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.66 and a current ratio of 0.76. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 13.95 and a beta of 1.20. DISH Network has a 52-week low of $28.80 and a 52-week high of $55.30.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Friday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. DISH Network had a net margin of 17.80% and a return on equity of 20.60%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted $0.09 EPS. DISH Network’s revenue for the quarter was down 4.9% compared to the same quarter last year. equities analysts forecast that DISH Network will post 2.77 earnings per share for the current year.

In other news, insider James Defranco purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was purchased at an average cost of $30.35 per share, with a total value of $303,500.00. Following the purchase, the insider now owns 1,193,529 shares in the company, valued at $36,223,605.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have purchased 50,000 shares of company stock valued at $1,583,100. 49.20% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Exane Derivatives boosted its stake in shares of DISH Network by 112.8% during the 2nd quarter. Exane Derivatives now owns 20,273 shares of the company’s stock worth $681,000 after purchasing an additional 10,748 shares during the period. Trexquant Investment LP boosted its stake in shares of DISH Network by 140.2% during the 2nd quarter. Trexquant Investment LP now owns 131,950 shares of the company’s stock worth $4,435,000 after purchasing an additional 77,026 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of DISH Network by 1.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,250,000 shares of the company’s stock worth $42,013,000 after purchasing an additional 20,000 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in shares of DISH Network by 3.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,407,967 shares of the company’s stock worth $114,542,000 after purchasing an additional 112,586 shares during the period. Finally, Verition Fund Management LLC boosted its stake in shares of DISH Network by 10.1% during the 1st quarter. Verition Fund Management LLC now owns 48,813 shares of the company’s stock worth $1,850,000 after purchasing an additional 4,458 shares during the period. 48.28% of the stock is owned by hedge funds and other institutional investors.

About DISH Network

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

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Analyst Recommendations for DISH Network (NASDAQ:DISH)

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