BidaskClub Upgrades DISH Network (DISH) to Buy
DISH has been the topic of several other research reports. Zacks Investment Research cut shares of DISH Network from a “hold” rating to a “sell” rating in a research report on Monday, February 11th. HSBC cut shares of DISH Network from a “hold” rating to a “reduce” rating in a report on Friday, January 25th. Pivotal Research reaffirmed a “buy” rating and issued a $37.00 target price on shares of DISH Network in a report 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 report on Thursday, February 14th. Finally, Moffett Nathanson raised shares of DISH Network from a “sell” rating to a “neutral” rating in a report on Thursday, January 3rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.71.
Shares of DISH opened at $34.61 on Tuesday. The stock has a market cap of $15.78 billion, a PE ratio of 11.28 and a beta of 1.58. DISH Network has a 1 year low of $23.22 and a 1 year high of $39.66. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.63 and a current ratio of 0.69.
In other news, insider James Defranco bought 25,000 shares of DISH Network stock in a transaction that occurred on Monday, January 14th. The shares were purchased at an average price of $28.01 per share, with a total value of $700,250.00. Following the completion of the acquisition, the insider now directly owns 1,448,529 shares in the company, valued at $40,573,297.29. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 100,000 shares of company stock worth $2,940,750. 52.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can increased its stake in DISH Network by 0.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 144,780 shares of the company’s stock valued at $3,435,000 after purchasing an additional 506 shares during the last quarter. Bessemer Group Inc. increased its stake in DISH Network by 23.1% in the fourth quarter. Bessemer Group Inc. now owns 2,950 shares of the company’s stock valued at $73,000 after purchasing an additional 554 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in DISH Network by 8.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,566 shares of the company’s stock valued at $314,000 after purchasing an additional 1,000 shares during the last quarter. Wakefield Asset Management LLLP purchased a new position in DISH Network in the fourth quarter valued at approximately $27,000. Finally, State of Alaska Department of Revenue increased its stake in DISH Network by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 47,268 shares of the company’s stock valued at $1,497,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors own 48.21% 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.
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