DISH Network Corporation’s (DISH) Neutral Rating Reiterated at Guggenheim
Guggenheim reissued their neutral rating on shares of DISH Network Corporation (NASDAQ:DISH) in a research report report published on Thursday. They currently have a $62.00 price target on the stock, down from their previous price target of $68.00.
Other equities research analysts have also issued reports about the stock. UBS AG restated a neutral rating and issued a $68.00 price objective (up from $63.00) on shares of DISH Network Corporation in a report on Tuesday, May 2nd. Royal Bank Of Canada set a $56.00 price objective on shares of DISH Network Corporation and gave the stock a hold rating in a report on Saturday, May 20th. BidaskClub lowered shares of DISH Network Corporation from a buy rating to a hold rating in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of DISH Network Corporation from $84.00 to $83.00 and set a buy rating for the company in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company restated an outperform rating on shares of DISH Network Corporation in a report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. DISH Network Corporation currently has an average rating of Hold and an average target price of $69.87.
DISH Network Corporation (NASDAQ DISH) opened at 56.64 on Thursday. The company has a market cap of $26.40 billion, a PE ratio of 26.34 and a beta of 0.96. The stock has a 50 day moving average of $61.72 and a 200-day moving average of $62.51. DISH Network Corporation has a 1-year low of $48.88 and a 1-year high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.67. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.71 billion. DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, equities research analysts predict that DISH Network Corporation will post $2.33 earnings per share for the current year.
In other DISH Network Corporation news, CEO Roger Lynch sold 25,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $59.73, for a total transaction of $1,493,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP R Stanton Dodge sold 1,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $66.20, for a total transaction of $66,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,100 shares of company stock worth $1,565,779. Insiders own 49.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of DISH Network Corporation by 2.9% in 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 last quarter. BlackRock Inc. increased its position in shares of DISH Network Corporation by 1.9% in 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 last quarter. State Street Corp increased its position in shares of DISH Network Corporation by 126.2% in the first quarter. State Street Corp now owns 9,069,843 shares of the company’s stock worth $575,841,000 after buying an additional 5,059,383 shares during the last quarter. FMR LLC increased its position in shares of DISH Network Corporation by 22.7% in 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 last quarter. Finally, Paulson & CO. Inc. bought a new position in shares of DISH Network Corporation during the first quarter worth about $219,047,000. 49.76% of the stock is currently owned by institutional investors and hedge funds.
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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