RBC Capital Increases DISH Network Corp Price Target to $69.00 (DISH)
RBC Capital hoisted their target price on shares of DISH Network Corp (NASDAQ:DISH) from $62.00 to $69.00 in a research note issued on Monday, Analyst Ratings Network.com reports. RBC Capital’s price target points to a potential upside of 15.10% from the stock’s previous close.
DISH has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of DISH Network Corp from $67.00 to $72.00 in a research note on Monday, May 12th. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of DISH Network Corp in a research note on Friday, May 9th. Finally, analysts at Nomura raised their price target on shares of DISH Network Corp from $44.00 to $49.00 in a research note on Friday, May 9th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $61.44.
Shares of DISH Network Corp (NASDAQ:DISH) opened at 59.95 on Monday. DISH Network Corp has a 1-year low of $37.30 and a 1-year high of $64.52. The stock has a 50-day moving average of $60.22 and a 200-day moving average of $56.87. The company has a market cap of $27.518 billion and a price-to-earnings ratio of 36.29.
DISH Network Corp (NASDAQ:DISH) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.05. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the company posted $0.47 earnings per share. DISH Network Corp’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that DISH Network Corp will post $1.81 EPS for the current fiscal year.
In other DISH Network Corp news, EVP Michael K. Mcclaskey sold 10,080 shares of DISH Network Corp stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $59.83, for a total value of $603,086.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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