DISH Network Corporation (NASDAQ:DISH) had its price objective decreased by Barclays PLC from $74.00 to $71.00 in a report published on Friday morning. Barclays PLC currently has an overweight rating on the stock.
Several other brokerages also recently issued reports on DISH. Citigroup Inc. downgraded DISH Network Corporation from a buy rating to a sell rating and cut their price target for the company from $94.00 to $52.00 in a report on Wednesday, July 26th. BidaskClub downgraded DISH Network Corporation from a buy rating to a hold rating in a report on Tuesday, July 25th. Macquarie reissued a hold rating and set a $68.00 target price on shares of DISH Network Corporation in a report on Thursday, August 3rd. Telsey Advisory Group dropped their target price on DISH Network Corporation from $62.00 to $56.00 and set a market perform rating for the company in a report on Friday, August 4th. Finally, TheStreet downgraded DISH Network Corporation from a b rating to a c+ rating in a report on Thursday, August 3rd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $65.39.
Shares of DISH Network Corporation (NASDAQ DISH) traded down $0.21 during trading on Friday, reaching $50.65. The company’s stock had a trading volume of 846,347 shares, compared to its average volume of 2,711,088. DISH Network Corporation has a fifty-two week low of $46.07 and a fifty-two week high of $66.50. The firm has a market cap of $23,683.15, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 2.72.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. sell-side analysts expect that DISH Network Corporation will post 2.06 EPS for the current year.
In other DISH Network Corporation news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation stock in a transaction dated 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 in the company, valued at $9,340.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 1,110 shares of company stock worth $62,046. Company insiders own 49.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DISH. Sun Life Financial INC grew its position 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 acquiring an additional 1,658 shares during the last quarter. Rockefeller Financial Services Inc. bought a new position in DISH Network Corporation in the third quarter valued at about $140,000. Quantbot Technologies LP bought a new position in DISH Network Corporation in the third quarter valued at about $154,000. Paradigm Asset Management Co. LLC grew its position 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 acquiring an additional 100 shares during the last quarter. Finally, Huntington National Bank grew its position in DISH Network Corporation by 12.1% in the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 48.76% of the company’s stock.
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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