DISH Network Corp (NASDAQ:DISH) was the recipient of some unusual options trading on Wednesday. Traders bought 23,559 call options on the stock. This is an increase of approximately 1,577% compared to the average daily volume of 1,405 call options.

DISH has been the subject of several recent research reports. Zacks Investment Research raised DISH Network from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $54.00 price objective (down from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. Citigroup upgraded DISH Network from a “sell” rating to a “neutral” rating and set a $54.00 price objective for the company in a research report on Friday, September 15th. Macquarie reiterated a “hold” rating and issued a $60.00 price objective (down from $68.00) on shares of DISH Network in a research report on Monday, October 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $88.50 price objective on shares of DISH Network in a research report on Thursday, August 31st. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. DISH Network has a consensus rating of “Hold” and an average target price of $63.92.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DISH. CIBC Asset Management Inc boosted its position in shares of DISH Network by 2.9% during the second quarter. CIBC Asset Management Inc now owns 37,609 shares of the company’s stock worth $2,360,000 after buying an additional 1,065 shares during the period. Retirement Systems of Alabama boosted its position in shares of DISH Network by 0.6% during the second quarter. Retirement Systems of Alabama now owns 110,292 shares of the company’s stock worth $6,922,000 after buying an additional 605 shares during the period. Global X Management Co. LLC boosted its position in shares of DISH Network by 123.9% during the second 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. Schwab Charles Investment Management Inc. boosted its position in shares of DISH Network by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 746,747 shares of the company’s stock worth $46,866,000 after buying an additional 34,655 shares during the period. Finally, National Planning Corp boosted its position in shares of DISH Network by 32.1% during the second quarter. National Planning Corp now owns 5,150 shares of the company’s stock worth $324,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 48.58% of the company’s stock.

DISH Network (NASDAQ:DISH) opened at $48.59 on Friday. DISH Network has a 52-week low of $46.07 and a 52-week high of $66.50. The firm has a market capitalization of $22,700.00, a P/E ratio of 18.13, a P/E/G ratio of 2.41 and a beta of 1.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. analysts anticipate that DISH Network will post 1.98 EPS for the current fiscal year.

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About DISH Network

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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