DISH Network (NASDAQ:DISH) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Other analysts have also issued research reports about the stock. Morgan Stanley reiterated a “buy” rating and issued a $75.00 price objective on shares of DISH Network in a research note on Tuesday, October 17th. Pivotal Research upgraded shares of DISH Network from a “hold” rating to a “buy” rating and lowered their price objective for the company from $68.00 to $65.00 in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. lowered their price objective on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating for the company in a research note on Tuesday, October 17th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $60.00 price objective on shares of DISH Network in a research note on Friday, November 10th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. DISH Network has a consensus rating of “Hold” and a consensus target price of $62.81.

DISH Network (NASDAQ:DISH) opened at $43.32 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network has a fifty-two week low of $42.48 and a fifty-two week high of $66.50. The stock has a market cap of $20,860.15, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.03). The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. sell-side analysts forecast that DISH Network will post 2.02 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ray Gerald L & Associates Ltd. grew its position in DISH Network by 113.6% in the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock valued at $683,000 after purchasing an additional 6,700 shares during the period. Quantitative Systematic Strategies LLC grew its position in DISH Network by 33.9% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock valued at $308,000 after purchasing an additional 1,439 shares during the period. Chevy Chase Trust Holdings Inc. grew its position in DISH Network by 1.3% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 199,017 shares of the company’s stock valued at $10,793,000 after purchasing an additional 2,599 shares during the period. California Public Employees Retirement System grew its position in DISH Network by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 422,673 shares of the company’s stock valued at $22,922,000 after purchasing an additional 11,173 shares during the period. Finally, Old West Investment Management LLC grew its position in DISH Network by 332.2% in the 3rd quarter. Old West Investment Management LLC now owns 101,719 shares of the company’s stock valued at $5,516,000 after purchasing an additional 78,183 shares during the period. 48.50% of the stock is owned by institutional investors and hedge funds.

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About DISH Network

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.

The Fly

Analyst Recommendations for DISH Network (NASDAQ:DISH)

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