Shares of DISH Network Corp (NASDAQ:DISH) have been given a consensus rating of “Hold” by the twenty-two analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $64.32.
DISH has been the subject of a number of recent analyst reports. Morgan Stanley reiterated a “buy” rating and issued a $75.00 price target on shares of DISH Network in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Pivotal Research upgraded shares of DISH Network from a “hold” rating to a “buy” rating and dropped their price target for the stock from $68.00 to $65.00 in a research report on Monday, November 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 price target (down from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $60.00 price target on shares of DISH Network in a research report on Friday, November 10th.
Several large investors have recently modified their holdings of DISH. Sun Life Financial INC boosted its position in shares of DISH Network by 20,725.0% during the second quarter. Sun Life Financial INC now owns 1,666 shares of the company’s stock worth $105,000 after acquiring an additional 1,658 shares during the last quarter. Rockefeller Financial Services Inc. bought a new position in shares of DISH Network during the third quarter worth $140,000. Quantbot Technologies LP bought a new position in shares of DISH Network during the third quarter worth $154,000. Huntington National Bank boosted its position in shares of DISH Network by 47.1% during the third quarter. Huntington National Bank now owns 3,824 shares of the company’s stock worth $207,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Howe & Rusling Inc. bought a new position in shares of DISH Network during the third quarter worth $217,000. Hedge funds and other institutional investors own 48.54% of the company’s stock.
DISH Network (NASDAQ:DISH) last announced its earnings results on Thursday, November 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.03). The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.60 billion. DISH Network had a net margin of 8.80% and a return on equity of 22.11%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. analysts predict that DISH Network will post 2.02 EPS for the current fiscal year.
DISH Network 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.
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