UBS Group Raises DISH Network (NASDAQ:DISH) Price Target to $36.00
DISH Network (NASDAQ:DISH) had its price target hoisted by UBS Group from $34.00 to $36.00 in a report released on Friday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 1.93% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Moffett Nathanson downgraded DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research note on Thursday, July 25th. Raymond James upgraded DISH Network from a “market perform” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Monday, August 26th. Sanford C. Bernstein began coverage on DISH Network in a research note on Tuesday, October 15th. They issued an “underperform” rating and a $29.00 price target for the company. BidaskClub cut DISH Network from a “hold” rating to a “sell” rating in a research note on Friday. Finally, ValuEngine raised DISH Network from a “strong sell” rating to a “sell” rating in a research note on Monday, October 21st. Eight investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.77.
DISH Network stock opened at $35.32 on Friday. The firm has a market capitalization of $16.28 billion, a PE ratio of 11.77 and a beta of 1.41. The stock’s 50 day moving average price is $34.22 and its 200 day moving average price is $35.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.63. DISH Network has a one year low of $23.22 and a one year high of $44.65.
In other DISH Network news, insider James Defranco purchased 300,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $31.18 per share, with a total value of $9,354,000.00. Following the completion of the purchase, the insider now owns 1,528,529 shares in the company, valued at approximately $47,659,534.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 52.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Treasurer of the State of North Carolina lifted its holdings in shares of DISH Network by 0.3% in the second quarter. Treasurer of the State of North Carolina now owns 113,299 shares of the company’s stock valued at $4,352,000 after buying an additional 340 shares during the period. Aperio Group LLC lifted its holdings in shares of DISH Network by 0.7% during the second quarter. Aperio Group LLC now owns 53,350 shares of the company’s stock valued at $2,049,000 after purchasing an additional 389 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of DISH Network by 2.6% during the second quarter. World Asset Management Inc now owns 15,724 shares of the company’s stock valued at $604,000 after purchasing an additional 399 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of DISH Network by 0.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 43,041 shares of the company’s stock valued at $1,653,000 after purchasing an additional 400 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of DISH Network by 50.3% during the second quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after purchasing an additional 428 shares during the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.
About DISH Network
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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