DISH Network Corp. Hits New 52-Week High at $49.59 (DISH)
Shares of DISH Network Corp. (NASDAQ:DISH) hit a new 52-week high during trading hours on Thursday, AnalystRatings.NET reports. The company traded as high as $49.59 and last traded at $49.41, with a volume of 967,089 shares trading hands. The stock had previously closed at $49.14.
Several analysts have recently commented on the stock. Analysts at Guggenheim raised their price target on shares of DISH Network Corp. from $40.00 to $52.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of DISH Network Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 7th. Finally, analysts at Zacks downgraded shares of DISH Network Corp. 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. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.05.
In other DISH Network Corp. news, EVP Roger Lynch sold 4,000 shares of DISH Network Corp. stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $47.59, for a total transaction of $190,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DISH Network Corp. has a 52-week low of $30.10 and a 52-week high of $46.89. The stock has a 50-day moving average of $45.16 and a 200-day moving average of $40.57. The company has a market cap of $22.504 billion and a price-to-earnings ratio of 87.28.
DISH Network Corp. (NASDAQ:DISH) last released its earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.50 earnings per share. DISH Network Corp.’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that DISH Network Corp. will post $1.34 earnings per share for the current fiscal year.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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