DISH Network Corp Price Target Cut to $56.00 (DISH)
Stock analysts at Wunderlich reduced their price target on shares of DISH Network Corp (NASDAQ:DISH) from $60.00 to $56.00 in a report issued on Friday. The firm currently has a “hold” rating on the stock. Wunderlich’s price target points to a potential downside of 14.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital raised their price target on shares of DISH Network Corp from $62.00 to $78.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Separately, analysts at ISI Group raised their price target on shares of DISH Network Corp from $61.00 to $73.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Finally, 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. DISH Network Corp has a consensus rating of “Hold” and a consensus target price of $61.15.
Shares of DISH Network Corp (NASDAQ:DISH) opened at 65.35 on Friday. DISH Network Corp has a 52-week low of $43.75 and a 52-week high of $67.50. The stock’s 50-day moving average is $64.03 and its 200-day moving average is $60.91. The company has a market cap of $30.104 billion and a price-to-earnings ratio of 29.91.
DISH Network Corp (NASDAQ:DISH) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that DISH Network Corp will post $1.68 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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