BidaskClub downgraded shares of DISH Network Corporation (NASDAQ:DISH) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
DISH has been the topic of a number of other reports. Macquarie cut shares of DISH Network Corporation from an outperform rating to a neutral rating and lowered their price target for the company from $70.00 to $61.00 in a report on Tuesday, April 18th. Jefferies Group LLC restated a buy rating and issued a $80.00 price target on shares of DISH Network Corporation in a report on Friday, March 31st. Deutsche Bank AG lowered their price target on shares of DISH Network Corporation from $103.00 to $102.00 and set a buy rating on the stock in a report on Wednesday, April 19th. Wells Fargo & Company restated an outperform rating and issued a $88.50 price target on shares of DISH Network Corporation in a report on Tuesday, May 2nd. Finally, Pivotal Research cut shares of DISH Network Corporation from a buy rating to a hold rating and lowered their price target for the company from $86.00 to $70.00 in a report on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $70.19.
Shares of DISH Network Corporation (NASDAQ:DISH) traded down 0.40% during trading on Tuesday, reaching $64.18. 1,809,896 shares of the company were exchanged. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.50. The stock’s 50 day moving average is $64.43 and its 200 day moving average is $62.72. The company has a market capitalization of $29.90 billion, a price-to-earnings ratio of 21.68 and a beta of 0.97.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Monday, May 1st. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that DISH Network Corporation will post $2.71 earnings per share for the current year.
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In other DISH Network Corporation news, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Ortolf sold 5,000 shares of DISH Network Corporation stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.55, for a total transaction of $302,750.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $302,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,100 shares of company stock valued at $375,279. Company insiders own 49.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of DISH. Elkfork Partners LLC purchased a new position in DISH Network Corporation during the first quarter valued at $110,000. Ladenburg Thalmann Financial Services Inc. raised its position in DISH Network Corporation by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock valued at $107,000 after buying an additional 233 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after buying an additional 1,859 shares during the period. Meadow Creek Investment Management LLC purchased a new position in DISH Network Corporation during the first quarter valued at $141,000. Finally, Huntington National Bank raised its position in DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares during the period. 50.04% 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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