Investors Purchase Large Volume of DISH Network Corp. Call Options (DISH)
DISH Network Corp. (NASDAQ:DISH) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 37,750 call options on the stock, Stock Ratings Network reports. This is an increase of approximately 505% compared to the average volume of 6,236 call options.
A number of analysts have recently weighed in on DISH shares. Analysts at Zacks upgraded shares of DISH Network Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. They now have a $59.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of DISH Network Corp. in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $63.00 price target on the stock. Finally, analysts at Northland Securities initiated coverage on shares of DISH Network Corp. in a research note to investors on Wednesday, December 4th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.23.
Shares of DISH Network Corp. (NASDAQ:DISH) traded down 1.61% on Tuesday, hitting $56.93. 6,004,678 shares of the company’s stock traded hands. DISH Network Corp. has a one year low of $33.79 and a one year high of $58.55. The stock’s 50-day moving average is $54.5 and its 200-day moving average is $47.9. The company has a market cap of $26.063 billion and a price-to-earnings ratio of 36.41.
DISH Network Corp. (NASDAQ:DISH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.25. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that DISH Network Corp. will post $1.55 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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