DISH Network (DISH) Stock Rating Upgraded by BidaskClub

Share on StockTwits

BidaskClub upgraded shares of DISH Network (NASDAQ:DISH) from a hold rating to a buy rating in a report published on Friday, BidAskClub reports.

Several other research analysts have also recently weighed in on DISH. Zacks Investment Research upgraded shares of DISH Network from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Thursday, January 10th. HSBC cut shares of DISH Network from a hold rating to a reduce rating in a report on Friday, January 25th. Pivotal Research reiterated a buy rating and issued a $37.00 target price on shares of DISH Network in a research note on Wednesday, February 13th. Barclays cut shares of DISH Network from an overweight rating to an equal weight rating and set a $31.00 target price on the stock. in a research note on Thursday, February 14th. Finally, SunTrust Banks dropped their target price on shares of DISH Network to $30.00 and set a hold rating on the stock in a research note on Thursday, February 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $38.00.

DISH Network stock opened at $34.04 on Friday. DISH Network has a fifty-two week low of $23.22 and a fifty-two week high of $37.47. The stock has a market cap of $16.59 billion, a P/E ratio of 11.35 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.63 and a current ratio of 0.72.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. DISH Network had a net margin of 11.59% and a return on equity of 18.42%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, research analysts anticipate that DISH Network will post 2.45 earnings per share for the current year.

In related news, insider James Defranco bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were purchased at an average cost of $30.67 per share, for a total transaction of $306,700.00. Following the completion of the purchase, the insider now directly owns 1,528,529 shares in the company, valued at $46,879,984.43. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 52.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DISH. Investors Research Corp purchased a new stake in shares of DISH Network during the 1st quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its stake in shares of DISH Network by 38.5% during the 1st quarter. Global Retirement Partners LLC now owns 1,051 shares of the company’s stock valued at $33,000 after buying an additional 292 shares in the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of DISH Network during the 4th quarter valued at approximately $27,000. Moody National Bank Trust Division purchased a new stake in shares of DISH Network during the 1st quarter valued at approximately $36,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of DISH Network during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

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.

Featured Article: Capital gains and your 401(k) or IRA

Analyst Recommendations for DISH Network (NASDAQ:DISH)

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Qurate Retail Inc Series A  Shares Gap Up  Following Insider Buying Activity
Qurate Retail Inc Series A Shares Gap Up Following Insider Buying Activity
Critical Analysis: SVMK  & InterXion
Critical Analysis: SVMK & InterXion
Brokers Set Expectations for L.B. Foster Co’s Q3 2019 Earnings
Brokers Set Expectations for L.B. Foster Co’s Q3 2019 Earnings
Carvana  Price Target Increased to $65.00 by Analysts at BMO Capital Markets
Carvana Price Target Increased to $65.00 by Analysts at BMO Capital Markets
Arco Platform  Upgraded by Zacks Investment Research to “Hold”
Arco Platform Upgraded by Zacks Investment Research to “Hold”
CytomX Therapeutics  Earns Overweight Rating from Analysts at Cantor Fitzgerald
CytomX Therapeutics Earns Overweight Rating from Analysts at Cantor Fitzgerald


© 2006-2019 Ticker Report