DISH Network Corp Sets New 1-Year High Following Analyst Upgrade (DISH)
DISH Network Corp (NASDAQ:DISH) shares hit a new 52-week high during trading on Monday after Macquarie raised their price target on the stock from $85.00 to $100.00, Stock Ratings News reports. Macquarie currently has an outperform rating on the stock. DISH Network Corp traded as high as $67.50 and last traded at $65.70, with a volume of 1,152,403 shares trading hands. The stock had previously closed at $66.37.
DISH has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of DISH Network Corp in a research note on Thursday, June 26th. They now have a $66.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of DISH Network Corp from a “neutral” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $40.00 price target on the stock, down previously from $72.00. Finally, analysts at JPMorgan Chase & Co. upgraded shares of DISH Network Corp from a “neutral” rating to an “overweight” rating in a research note on Monday, June 16th. They now have a $72.00 price target on the stock, up previously from $61.00. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. DISH Network Corp presently has a consensus rating of “Hold” and an average target price of $60.00.
In other DISH Network Corp news, Insider Michael Kelly sold 50,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $65.00, for a total transaction of $3,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
The stock’s 50-day moving average is $60.55 and its 200-day moving average is $59.09. The company has a market cap of $30.166 billion and a P/E ratio of 39.96.
DISH Network Corp (NASDAQ:DISH) last posted its quarterly 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 $1.77 EPS for the current fiscal year.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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