DISH Network (DISH) Debt Trading 1.1% Lower

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.

DISH Network (NASDAQ:DISH) last posted its earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. DISH Network’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. equities research analysts predict that DISH Network Corp will post 1.98 earnings per share for the current year.

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.

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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.

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