DISH Network Corporation (DISH) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of DISH Network Corporation (NASDAQ:DISH) from a buy rating to a hold rating in a report issued on Tuesday, July 25th.

Several other equities research analysts have also recently issued reports on the stock. UBS AG reaffirmed a neutral rating and set a $68.00 price objective (up from $63.00) on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Barclays PLC upgraded shares of DISH Network Corporation from an equal weight rating to an overweight rating and lifted their price target for the stock from $62.00 to $74.00 in a research note on Thursday, April 27th. Macquarie reiterated a hold rating and set a $65.00 price target on shares of DISH Network Corporation in a research note on Monday, May 1st. Wells Fargo & Company reiterated an outperform rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. Finally, Hilliard Lyons lowered shares of DISH Network Corporation from a buy rating to a neutral rating in a research note on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. DISH Network Corporation has an average rating of Hold and a consensus price target of $70.31.

DISH Network Corporation (NASDAQ DISH) traded up 0.46% during trading on Tuesday, hitting $58.46. 1,211,529 shares of the stock were exchanged. The stock has a market cap of $27.25 billion, a price-to-earnings ratio of 27.19 and a beta of 0.96. DISH Network Corporation has a 1-year low of $48.51 and a 1-year high of $66.50. The firm’s 50 day moving average price is $63.38 and its 200-day moving average price is $62.74.

DISH Network Corporation (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.67. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts anticipate that DISH Network Corporation will post $2.38 EPS for the current year.

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In other news, CEO Roger Lynch sold 25,000 shares of DISH Network Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP R Stanton Dodge sold 1,000 shares of DISH Network Corporation stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,100 shares of company stock worth $1,565,779. Insiders own 49.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of 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 last quarter. Elkfork Partners LLC purchased a new stake in shares of DISH Network Corporation during the first quarter valued at $110,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of 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 last quarter. Meadow Creek Investment Management LLC purchased a new stake in shares of DISH Network Corporation during the first quarter valued at $141,000. Finally, Huntington National Bank increased its stake in shares of 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 last quarter. 49.99% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for DISH Network Corporation (NASDAQ:DISH)

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