DISH Network Corporation (NASDAQ:DISH)‘s stock had its “buy” rating reiterated by stock analysts at Morgan Stanley in a note issued to investors on Tuesday. They presently have a $75.00 target price on the stock. Morgan Stanley’s target price suggests a potential upside of 53.53% from the stock’s current price.

DISH has been the topic of a number of other research reports. Citigroup Inc. raised DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 price objective on the stock in a research note on Friday, September 15th. Macquarie reaffirmed a “hold” rating and set a $60.00 price target (down previously from $68.00) on shares of DISH Network Corporation in a research note on Monday, October 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $88.50 price target on shares of DISH Network Corporation in a research note on Thursday, August 31st. BidaskClub lowered DISH Network Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TheStreet lowered DISH Network Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. DISH Network Corporation currently has an average rating of “Hold” and a consensus target price of $67.38.

DISH Network Corporation (NASDAQ:DISH) traded down 0.37% during midday trading on Tuesday, reaching $48.85. The company’s stock had a trading volume of 1,629,223 shares. DISH Network Corporation has a 1-year low of $47.48 and a 1-year high of $66.50. The firm has a 50 day moving average price of $54.01 and a 200 day moving average price of $60.48. The firm has a market capitalization of $22.77 billion, a PE ratio of 22.72 and a beta of 0.99.

DISH Network Corporation (NASDAQ:DISH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.67). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. DISH Network Corporation’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, analysts predict that DISH Network Corporation will post $2.15 EPS for the current year.

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In other news, CEO Roger Lynch sold 25,000 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey L. Mcschooler sold 785 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $56.61, for a total value of $44,438.85. Following the transaction, the executive vice president now directly owns 165 shares of the company’s stock, valued at $9,340.65. The disclosure for this sale can be found here. Insiders sold 26,110 shares of company stock valued at $1,555,296 over the last 90 days. Corporate insiders own 49.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of DISH Network Corporation by 2.9% during the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock worth $921,246,000 after buying an additional 409,704 shares during the period. BlackRock Inc. boosted its position in shares of DISH Network Corporation by 1.9% during the second quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock worth $858,929,000 after buying an additional 259,139 shares during the period. FMR LLC boosted its position in shares of DISH Network Corporation by 22.7% during the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock worth $282,314,000 after buying an additional 831,768 shares during the period. Paulson & CO. Inc. boosted its position in shares of DISH Network Corporation by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock worth $250,965,000 after buying an additional 548,700 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of DISH Network Corporation by 184.5% during the second quarter. American Century Companies Inc. now owns 1,430,365 shares of the company’s stock worth $89,770,000 after buying an additional 927,537 shares during the period. 48.92% of the stock is owned by institutional investors.

DISH Network Corporation Company Profile

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.

Analyst Recommendations for DISH Network Corporation (NASDAQ:DISH)

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