UBS AG Trims DISH Network Corporation (DISH) Target Price to $56.00
DISH Network Corporation (NASDAQ:DISH) had its target price reduced by UBS AG from $68.00 to $56.00 in a report issued on Friday morning, www.benzinga.com reports. They currently have a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on DISH. BidaskClub downgraded shares of DISH Network Corporation from a buy rating to a hold rating in a research note on Tuesday, July 25th. Citigroup Inc. downgraded shares of DISH Network Corporation from a buy rating to a sell rating and decreased their price target for the stock from $94.00 to $52.00 in a research note on Wednesday, July 26th. Macquarie reiterated a hold rating and set a $68.00 price target on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Telsey Advisory Group decreased their price target on shares of DISH Network Corporation from $62.00 to $56.00 and set a market perform rating on the stock in a research note on Friday, August 4th. Finally, TheStreet downgraded shares of DISH Network Corporation from a b rating to a c+ rating in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $65.39.
DISH Network Corporation (NASDAQ:DISH) traded up $0.05 on Friday, reaching $50.86. 2,263,800 shares of the company’s stock were exchanged, compared to its average volume of 2,711,088. DISH Network Corporation has a 1 year low of $46.07 and a 1 year high of $66.50. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market capitalization of $23,683.15, a P/E ratio of 18.68, a P/E/G ratio of 2.38 and a beta of 1.08.
DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). DISH Network Corporation had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. analysts forecast that DISH Network Corporation will post 2.06 earnings per share for the current fiscal year.
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In related news, EVP Jeffrey L. Mcschooler sold 785 shares of DISH Network Corporation 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 transaction, the executive vice president now directly owns 165 shares of the company’s stock, valued at $9,340.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,110 shares of company stock valued at $62,046 over the last ninety days. 49.30% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in DISH. Dimensional Fund Advisors LP raised its holdings in DISH Network Corporation by 27.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 546,279 shares of the company’s stock worth $34,682,000 after purchasing an additional 118,638 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in DISH Network Corporation by 2.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 28,669 shares of the company’s stock worth $1,799,000 after purchasing an additional 618 shares during the last quarter. Fox Run Management L.L.C. raised its holdings in DISH Network Corporation by 25.1% during the 2nd quarter. Fox Run Management L.L.C. now owns 4,700 shares of the company’s stock worth $295,000 after purchasing an additional 942 shares during the last quarter. Capstone Asset Management Co. raised its holdings in DISH Network Corporation by 4.4% during the 2nd quarter. Capstone Asset Management Co. now owns 16,967 shares of the company’s stock worth $1,065,000 after purchasing an additional 720 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in DISH Network Corporation by 20.1% during the 2nd quarter. Bank of Montreal Can now owns 231,604 shares of the company’s stock worth $14,536,000 after purchasing an additional 38,695 shares during the last quarter. 48.76% of the stock is owned by hedge funds and other institutional investors.
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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