DISH Network Corporation’s (DISH) “Buy” Rating Reaffirmed at Deutsche Bank AG
DISH Network Corporation (NASDAQ:DISH)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a report issued on Thursday. They presently have a $99.00 price target on the stock. Deutsche Bank AG’s price objective points to a potential upside of 83.03% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of DISH Network Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price objective on shares of DISH Network Corporation in a research report on Monday, September 25th. TheStreet lowered shares of DISH Network Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Macquarie reiterated a “hold” rating and set a $68.00 price objective on shares of DISH Network Corporation in a research report on Thursday, August 3rd. Finally, Telsey Advisory Group lowered their price objective on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. DISH Network Corporation has an average rating of “Hold” and an average target price of $68.18.
Shares of DISH Network Corporation (NASDAQ DISH) traded up 0.17% during midday trading on Thursday, hitting $54.18. The stock had a trading volume of 933,197 shares. The stock has a 50 day moving average price of $55.26 and a 200-day moving average price of $61.04. DISH Network Corporation has a 52 week low of $52.14 and a 52 week high of $66.50. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 25.20 and a beta of 0.99. DISH Network Corporation also was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 6,976 call options on the company. This represents an increase of approximately 505% compared to the typical volume of 1,153 call options.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the business earned $0.88 EPS. DISH Network Corporation’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts anticipate that DISH Network Corporation will post $2.21 earnings per share for the current year.
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In related news, EVP Jeffrey L. Mcschooler sold 785 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now owns 165 shares of the company’s stock, valued at approximately $9,340.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Roger Lynch sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $59.73, for a total transaction of $1,493,250.00. The disclosure for this sale can be found here. Insiders sold a total of 25,884 shares of company stock worth $1,543,036 in the last ninety days. 49.30% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of DISH. Sun Life Financial INC increased its stake in DISH Network Corporation by 20,725.0% in the 2nd quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after buying an additional 1,658 shares during the period. Paradigm Asset Management Co. LLC increased its stake in DISH Network Corporation by 4.2% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,500 shares of the company’s stock worth $157,000 after buying an additional 100 shares during the period. Invictus RG purchased a new position in DISH Network Corporation in the 1st quarter worth about $160,000. Huntington National Bank increased its stake in DISH Network Corporation by 12.1% in the 2nd quarter. Huntington National Bank now owns 2,600 shares of the company’s stock worth $163,000 after buying an additional 281 shares during the period. Finally, Global X Management Co. LLC increased its stake in DISH Network Corporation by 123.9% in the 2nd quarter. Global X Management Co. LLC now owns 3,009 shares of the company’s stock worth $189,000 after buying an additional 1,665 shares during the period. 48.93% of the stock is currently owned by institutional investors.
About DISH Network Corporation
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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