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DISH Network Corp (NASDAQ:DISH)’s share price traded down 1.8% on Thursday after an insider sold shares in the company, Analyst Ratings Network.com reports. The company traded as low as $57.86 and last traded at $57.90, with a volume of 1,832,680 shares changing hands. The stock had previously closed at $58.95.

Specifically, CEO Joseph P. Clayton sold 50,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $59.00, for a total transaction of $2,950,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on DISH. Analysts at Wunderlich raised their price target on shares of DISH Network Corp from $51.00 to $56.00 in a research note on Tuesday, May 20th. They now have a “hold” rating on the stock. Separately, analysts at Hanson downgraded shares of DISH Network Corp from a “neutral” rating to a “sell” rating in a research note on Monday, May 19th. They now have a $47.00 price target on the stock. Finally, analysts at MoffettNathanson downgraded shares of DISH Network Corp from a “neutral” rating to a “sell” rating in a research note on Monday, May 19th. They now have a $47.00 price target on the stock. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. DISH Network Corp currently has an average rating of “Hold” and a consensus price target of $59.63.

The stock’s 50-day moving average is $59.55 and its 200-day moving average is $57.85. The company has a market cap of $26.724 billion and a price-to-earnings ratio of 35.49.

DISH Network Corp (NASDAQ:DISH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that DISH Network Corp will post $1.76 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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