DISH Network Corp. Receives New Coverage from Analysts at FBR Capital Markets (DISH)
Equities research analysts at FBR Capital Markets started coverage on shares of DISH Network Corp. (NASDAQ:DISH) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $40.00 price target on the stock. FBR Capital Markets’ price target suggests a potential downside of 17.81% from the company’s current price.
A number of other firms have also recently commented on DISH. 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. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $46.70.
In other DISH Network Corp. news, EVP Roger Lynch sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on 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.
Shares of DISH Network Corp. (NASDAQ:DISH) traded down 1.24% on Friday, hitting $48.67. 2,333,858 shares of the company’s stock traded hands. 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 $22.226 billion and a price-to-earnings ratio of 87.53.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.