DISH Network (NASDAQ:DISH) Reaches New 12-Month High Following Analyst Upgrade


Share on StockTwits

DISH Network Co. (NASDAQ:DISH)’s stock price hit a new 52-week high during trading on Tuesday after Truist raised their price target on the stock from $32.00 to $40.00. The stock traded as high as $46.15 and last traded at $45.97, with a volume of 4509341 shares. The stock had previously closed at $44.45.

A number of other equities research analysts have also recently issued reports on DISH. Cowen reaffirmed a “buy” rating on shares of DISH Network in a report on Friday, January 22nd. Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a report on Tuesday, February 23rd. Morgan Stanley increased their price target on shares of DISH Network from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday. Raymond James increased their price target on shares of DISH Network from $54.00 to $56.00 and gave the company a “strong-buy” rating in a report on Friday, April 30th. Finally, Pivotal Research increased their price target on shares of DISH Network from $34.00 to $50.00 and gave the company a “hold” rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.45.

In other news, EVP Timothy A. Messner sold 3,200 shares of the firm’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $45.00, for a total transaction of $144,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 13,600 shares of company stock valued at $589,044 in the last ninety days. Insiders own 53.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DISH. Strs Ohio raised its stake in DISH Network by 50.3% during the third quarter. Strs Ohio now owns 39,287 shares of the company’s stock worth $1,140,000 after buying an additional 13,156 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in DISH Network during the fourth quarter worth $367,000. Louisiana State Employees Retirement System raised its stake in DISH Network by 22.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company’s stock worth $495,000 after buying an additional 2,800 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in DISH Network by 3.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 9,214 shares of the company’s stock worth $306,000 after buying an additional 318 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in DISH Network by 87.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,708,394 shares of the company’s stock worth $152,270,000 after buying an additional 2,192,863 shares during the last quarter. 42.52% of the stock is owned by institutional investors and hedge funds.

The business’s 50 day moving average is $38.75 and its two-hundred day moving average is $33.60. The firm has a market cap of $24.19 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.38 and a beta of 2.00. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 0.94.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, April 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. DISH Network had a net margin of 10.01% and a return on equity of 11.81%. Equities research analysts anticipate that DISH Network Co. will post 2.51 EPS for the current year.

DISH Network Company Profile (NASDAQ:DISH)

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.

See Also: Range Trading

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.