An issue of DISH Network Corp (NASDAQ:DISH) bonds fell 1.1% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 5.875% coupon and is set to mature on November 15, 2024. The debt is now trading at $96.00 and was trading at $98.81 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Several analysts have issued reports on DISH shares. Morgan Stanley reissued a “buy” rating and set a $75.00 price target on shares of DISH Network in a report on Tuesday, October 17th. Zacks Investment Research lowered DISH Network from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Moffett Nathanson reaffirmed a “sell” rating and issued a $37.00 price objective (down previously from $45.00) on shares of DISH Network in a research note on Tuesday, September 26th. UBS Group dropped their price objective on DISH Network from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $60.00 price objective on shares of DISH Network in a research note on Friday, November 10th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. DISH Network presently has a consensus rating of “Hold” and a consensus price target of $62.81.
DISH Network Corp (NASDAQ DISH) traded down $2.54 during trading hours on Wednesday, hitting $45.45. The company had a trading volume of 6,750,000 shares, compared to its average volume of 2,050,000. 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 stock has a market capitalization of $21,200.00, a P/E ratio of 21.44, a P/E/G ratio of 2.25 and a beta of 1.09. DISH Network Corp has a 12 month low of $45.14 and a 12 month high of $66.50.
Several large investors have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in shares of DISH Network by 0.9% in the second quarter. Nordea Investment Management AB now owns 11,121 shares of the company’s stock worth $698,000 after buying an additional 101 shares in the last quarter. Veritable L.P. lifted its position in shares of DISH Network by 2.3% in the second quarter. Veritable L.P. now owns 6,182 shares of the company’s stock worth $388,000 after buying an additional 137 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of DISH Network by 0.5% in the second quarter. Mutual of America Capital Management LLC now owns 27,601 shares of the company’s stock worth $1,732,000 after buying an additional 147 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of DISH Network by 1.1% in the second quarter. Sentry Investment Management LLC now owns 17,877 shares of the company’s stock worth $1,122,000 after buying an additional 187 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of DISH Network by 7.5% in the second quarter. Private Advisor Group LLC now owns 5,606 shares of the company’s stock worth $360,000 after buying an additional 391 shares in the last quarter. Institutional investors own 48.54% of the company’s stock.
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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