DISH Network Corporation (DISH) Upgraded by Pivotal Research to “Buy”
DISH Network Corporation (NASDAQ:DISH) was upgraded by analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Other analysts also recently issued reports about the company. Telsey Advisory Group decreased their target price on DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. BidaskClub downgraded DISH Network Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th. Macquarie reiterated a “hold” rating and set a $68.00 target price on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Moffett Nathanson reiterated a “sell” rating and set a $37.00 target price (down from $45.00) on shares of DISH Network Corporation in a research report on Tuesday, September 26th. Finally, HSBC Holdings plc decreased their target price on DISH Network Corporation from $62.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, October 17th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.38.
DISH Network Corporation (NASDAQ:DISH) opened at $48.07 on Monday. DISH Network Corporation has a twelve month low of $46.07 and a twelve month high of $66.50. The firm has a market capitalization of $22,406.00, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.28 and a beta of 1.08. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.88.
DISH Network Corporation (NASDAQ:DISH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.67). The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. analysts expect that DISH Network Corporation will post 2.05 EPS for the current fiscal year.
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In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the completion of the sale, the executive vice president now owns 165 shares in the company, valued at $9,340.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 1,110 shares of company stock valued at $62,046. Insiders own 49.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of DISH. Sun Life Financial INC grew its stake in shares of DISH Network Corporation by 20,725.0% in the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock valued at $105,000 after buying an additional 1,658 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new position in DISH Network Corporation in the third quarter valued at about $140,000. Paradigm Asset Management Co. LLC boosted its holdings in DISH Network Corporation by 4.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock valued at $157,000 after purchasing an additional 100 shares during the last quarter. Huntington National Bank boosted its holdings in DISH Network Corporation by 12.1% in the second quarter. Huntington National Bank now owns 2,600 shares of the company’s stock valued at $163,000 after purchasing an additional 281 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in DISH Network Corporation by 123.9% in the second quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock valued at $189,000 after purchasing an additional 1,665 shares during the last quarter. Institutional investors and hedge funds own 48.95% 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.
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