DISH Network Corp Downgraded by MoffettNathanson to “Sell” (DISH)
DISH Network Corp (NASDAQ:DISH) was downgraded by equities researchers at MoffettNathanson from a “neutral” rating to a “sell” rating in a research report issued on Monday. They currently have a $47.00 price target on the stock. MoffettNathanson’s target price points to a potential downside of 21.60% from the company’s current price.
In other DISH Network Corp news, EVP Michael Mcclaskey unloaded 10,080 shares of the stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $59.83, for a total value of $603,086.40. Following the completion of the sale, the executive vice president now directly owns 1,021 shares of the company’s stock, valued at approximately $61,086. 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 1.43% during mid-day trading on Monday, hitting $59.09. 2,223,403 shares of the company’s stock traded hands. 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 $27.123 billion and a P/E ratio of 36.09.
DISH Network Corp (NASDAQ:DISH) last issued its quarterly earnings data 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. On average, analysts predict that DISH Network Corp will post $1.81 earnings per share for the current fiscal year.
DISH has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of DISH Network Corp from $63.00 to $70.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of DISH Network Corp from $62.00 to $69.00 in a research note on Monday, May 12th. Finally, 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. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.83.
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.