DISH Network Corp. EVP Sells $192,400 in Stock (DISH)
DISH Network Corp. (NASDAQ:DISH) EVP Roger Lynch sold 4,000 shares of DISH Network Corp. stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $48.10, for a total value of $192,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of DISH Network Corp. (NASDAQ:DISH) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, September 11th. They now have a $42.00 price target on the stock. Separately, analysts at Nomura reiterated a “hold” rating on shares of DISH Network Corp. (NASDAQ:DISH) in a research note to investors on Wednesday, August 28th. They now have a $41.00 price target on the stock. Finally, analysts at Wunderlich cut their price target on shares of DISH Network Corp. (NASDAQ:DISH) from $50.00 to $47.00 in a research note to investors on Wednesday, August 28th. They now have a “hold” rating on the stock.
Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.85.
DISH Network Corp. (NASDAQ:DISH) traded up 0.66% during mid-day trading on Tuesday, hitting $47.25. The stock had a trading volume of 2,272,579 shares. DISH Network Corp. has a one year low of $30.10 and a one year high of $49.44. The stock has a 50-day moving average of $45.34 and a 200-day moving average of $40.83. The company has a market cap of $21.577 billion and a P/E ratio of 83.37.
DISH Network Corp. (NASDAQ:DISH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.56. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that DISH Network Corp. will post $1.44 EPS for the current fiscal year.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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