BidaskClub downgraded shares of DISH Network Corporation (NASDAQ:DISH) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. assumed coverage on shares of DISH Network Corporation in a report on Tuesday, April 18th. They issued a hold rating and a $60.00 price target on the stock. UBS AG reaffirmed a neutral rating and issued a $68.00 price target (up previously from $63.00) on shares of DISH Network Corporation in a report on Tuesday, May 2nd. Royal Bank Of Canada set a $56.00 price target on shares of DISH Network Corporation and gave the stock a hold rating in a report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) decreased their price target on shares of DISH Network Corporation from $84.00 to $83.00 and set a buy rating on the stock in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company reaffirmed an outperform rating on shares of DISH Network Corporation in a report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. DISH Network Corporation has an average rating of Hold and an average target price of $70.97.

Shares of DISH Network Corporation (DISH) traded up 0.09% during midday trading on Tuesday, hitting $63.94. The company’s stock had a trading volume of 1,160,470 shares. The firm has a market cap of $29.79 billion, a P/E ratio of 21.59 and a beta of 0.97. The stock’s 50 day moving average is $64.34 and its 200-day moving average is $62.78. DISH Network Corporation has a 52-week low of $48.51 and a 52-week high of $66.50.

DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Equities analysts predict that DISH Network Corporation will post $2.71 EPS for the current fiscal year.

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In other DISH Network Corporation news, EVP R Stanton Dodge sold 1,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Ortolf sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.55, for a total transaction of $302,750.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $302,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,100 shares of company stock valued at $375,279. Company insiders own 49.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DISH. Huntington National Bank raised its stake in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in DISH Network Corporation by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 12,835 shares of the company’s stock valued at $806,000 after buying an additional 48 shares during the last quarter. Private Capital Advisors Inc. raised its stake in DISH Network Corporation by 0.7% in the second quarter. Private Capital Advisors Inc. now owns 10,772 shares of the company’s stock valued at $676,000 after buying an additional 72 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in DISH Network Corporation by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,043 shares of the company’s stock valued at $359,000 after buying an additional 182 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in DISH Network Corporation by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock valued at $885,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 50.04% of the company’s stock.

DISH Network Corporation 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.

Analyst Recommendations for DISH Network Corporation (NASDAQ:DISH)

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