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.
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.
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