Hanson Downgrades DISH Network Corp to Sell (DISH)
DISH Network Corp (NASDAQ:DISH) was downgraded by equities research analysts at Hanson from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday. They currently have a $47.00 target price on the stock. Hanson’s price objective points to a potential downside of 21.60% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at MoffettNathanson downgraded shares of DISH Network Corp from a “neutral” rating to a “sell” rating in a research note on Monday. They now have a $47.00 price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. DISH Network Corp currently has an average rating of “Hold” and a consensus price target of $59.83.
Shares of DISH Network Corp (NASDAQ:DISH) traded down 2.10% on Monday, hitting $58.69. The stock had a trading volume of 2,020,723 shares. DISH Network Corp has a 1-year low of $37.30 and a 1-year high of $64.52. The stock’s 50-day moving average is $60.22 and its 200-day moving average is $56.87. The company has a market cap of $26.939 billion and a price-to-earnings ratio of 36.09.
DISH Network Corp (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. 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 unloaded 10,080 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $59.83, for a total transaction of $603,086.40. The sale was disclosed in a document filed 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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