DISH Network Corp Receives Average Rating of “Hold” from Analysts (NASDAQ:DISH)
DISH Network Corp (NASDAQ:DISH) has been given an average recommendation of “Hold” by the twenty-eight ratings firms that are currently covering the company, AR Network reports. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $60.00.
Several analysts have recently commented on the stock. Analysts at Macquarie raised their price target on shares of DISH Network Corp from $85.00 to $100.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Shares of DISH Network Corp (NASDAQ:DISH) opened at 65.84 on Wednesday. DISH Network Corp has a one year low of $42.85 and a one year high of $67.50. The stock’s 50-day moving average is $61.61 and its 200-day moving average is $59.4. The company has a market cap of $30.221 billion and a price-to-earnings ratio of 39.22. DISH Network Corp also was the target of unusually large options trading on Thursday. Stock traders acquired 11,816 call options on the company. This represents an increase of approximately 135% compared to the typical daily volume of 5,032 call options.
DISH Network Corp (NASDAQ:DISH) last released its 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. 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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