Dish Network Corp. (NASDAQ:DISH) had its price target raised by Macquarie from $62.00 to $66.00 in a research report report published on Friday. Macquarie currently has an outperform rating on the stock.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Dish Network Corp. from a strong-buy rating to a hold rating in a report on Monday, September 26th. Jefferies Group restated a buy rating and issued a $80.00 price objective on shares of Dish Network Corp. in a report on Friday, August 26th. TheStreet upgraded shares of Dish Network Corp. from a hold rating to a buy rating in a report on Thursday, July 28th. Credit Suisse Group AG set a $57.00 price objective on shares of Dish Network Corp. and gave the company a hold rating in a report on Wednesday, July 27th. Finally, Telsey Advisory Group reduced their price objective on shares of Dish Network Corp. from $69.00 to $62.00 and set a market perform rating on the stock in a report on Monday, July 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Dish Network Corp. presently has an average rating of Hold and an average price target of $66.46.
Dish Network Corp. (NASDAQ:DISH) opened at 55.60 on Friday. Dish Network Corp. has a one year low of $38.85 and a one year high of $65.49. The company has a market capitalization of $25.85 billion, a PE ratio of 29.70 and a beta of 0.85. The company has a 50-day moving average price of $52.63 and a 200-day moving average price of $50.54.
Dish Network Corp. (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.17. Dish Network Corp. had a net margin of 5.75% and a return on equity of 42.01%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the business earned $0.70 EPS. The company’s revenue was up .2% on a year-over-year basis. Analysts expect that Dish Network Corp. will post $3.08 earnings per share for the current fiscal year.
In other news, insider Carl E. Vogel sold 30,000 shares of Dish Network Corp. stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 49.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Brinker Capital Inc. increased its stake in Dish Network Corp. by 0.6% in the second quarter. Brinker Capital Inc. now owns 11,507 shares of the company’s stock worth $603,000 after buying an additional 69 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Dish Network Corp. by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 28,081 shares of the company’s stock worth $1,471,000 after buying an additional 77 shares in the last quarter. CIBC Asset Management Inc increased its stake in Dish Network Corp. by 0.5% in the second quarter. CIBC Asset Management Inc now owns 24,095 shares of the company’s stock worth $1,263,000 after buying an additional 122 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Dish Network Corp. by 2.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,703 shares of the company’s stock worth $269,000 after buying an additional 134 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Dish Network Corp. by 0.3% in the second quarter. Mackenzie Financial Corp now owns 54,833 shares of the company’s stock worth $2,873,000 after buying an additional 158 shares in the last quarter. 45.34% of the stock is currently owned by institutional investors and hedge funds.
Dish Network Corp. Company Profile
DISH Network Corporation is a holding company. The Company operates through two segments: DISH 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 (DBS) and Fixed Satellite Service (FSS) 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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