DISH Network (DISH) Rating Increased to Hold at BidaskClub

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DISH Network (NASDAQ:DISH) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley lowered their target price on shares of DISH Network from $55.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, April 23rd. Moffett Nathanson raised shares of DISH Network from a “sell” rating to a “neutral” rating and set a $37.00 target price on the stock in a research note on Friday, March 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of DISH Network from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, February 22nd. SunTrust Banks lowered their target price on shares of DISH Network to $44.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Finally, ValuEngine downgraded shares of DISH Network from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.38.

Shares of DISH Network opened at $34.08 on Friday, MarketBeat reports. DISH Network has a 12-month low of $28.80 and a 12-month high of $66.50. The stock has a market capitalization of $15.01 billion, a PE ratio of 13.42, a PEG ratio of -6.22 and a beta of 1.11. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 2.07.

DISH Network (NASDAQ:DISH) last announced its earnings results on Tuesday, May 8th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.49 billion. DISH Network had a net margin of 14.75% and a return on equity of 20.48%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. analysts anticipate that DISH Network will post 2.58 earnings per share for the current year.

In other DISH Network news, EVP Vivek Khemka sold 6,000 shares of DISH Network stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $39.03, for a total transaction of $234,180.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James Defranco purchased 5,000 shares of the firm’s stock in a transaction on Monday, June 11th. The shares were acquired at an average cost of $32.09 per share, for a total transaction of $160,450.00. Following the completion of the purchase, the insider now directly owns 1,148,529 shares of the company’s stock, valued at approximately $36,856,295.61. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 115,000 shares of company stock worth $3,389,450 and have sold 7,190 shares worth $279,087. Company insiders own 49.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Norinchukin Bank The raised its stake in shares of DISH Network by 7.5% during the fourth quarter. Norinchukin Bank The now owns 18,223 shares of the company’s stock worth $870,000 after acquiring an additional 1,276 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of DISH Network by 7.0% in the fourth quarter. Profund Advisors LLC now owns 19,658 shares of the company’s stock worth $939,000 after purchasing an additional 1,283 shares during the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of DISH Network by 86.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,800 shares of the company’s stock worth $133,000 after purchasing an additional 1,300 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of DISH Network by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 44,180 shares of the company’s stock worth $2,110,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its holdings in shares of DISH Network by 12.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 13,748 shares of the company’s stock worth $657,000 after purchasing an additional 1,512 shares during the last quarter. 47.93% of the stock is currently owned by hedge funds and other institutional investors.

DISH Network Company Profile

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.

Analyst Recommendations for DISH Network (NASDAQ:DISH)

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