SunTrust Banks, Inc. Reiterates “Hold” Rating for DISH Network Corporation (DISH)
SunTrust Banks, Inc. restated their hold rating on shares of DISH Network Corporation (NASDAQ:DISH) in a report published on Friday. They currently have a $60.00 price target on the stock. SunTrust Banks also issued estimates for DISH Network Corporation’s FY2017 earnings at $1.98 EPS.
Several other research analysts have also recently commented on the stock. Barclays PLC lowered their price target on shares of DISH Network Corporation from $74.00 to $71.00 and set an overweight rating for the company in a report on Friday. UBS AG lowered their price target on shares of DISH Network Corporation from $68.00 to $56.00 and set a neutral rating for the company in a report on Friday. Zacks Investment Research cut shares of DISH Network Corporation from a hold rating to a sell rating in a report on Friday. Pivotal Research upgraded shares of DISH Network Corporation from a hold rating to a buy rating and lowered their target price for the company from $68.00 to $65.00 in a report on Monday, November 6th. Finally, Moffett Nathanson restated a sell rating on shares of DISH Network Corporation in a report on Monday, October 16th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. DISH Network Corporation presently has a consensus rating of Hold and a consensus target price of $65.39.
DISH Network Corporation (DISH) opened at $50.86 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. DISH Network Corporation has a twelve month low of $46.07 and a twelve month high of $66.50. The company has a market cap of $23,683.15, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08.
DISH Network Corporation (NASDAQ:DISH) last posted 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 Corporation 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 analyst estimates of $3.60 billion. During the same quarter last year, the firm earned $0.64 EPS. The company’s revenue was down 5.0% on a year-over-year basis. equities analysts forecast that DISH Network Corporation will post 2.06 earnings per share for the current fiscal year.
In other DISH Network Corporation news, EVP Jeffrey L. Mcschooler sold 785 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the transaction, the executive vice president now owns 165 shares in the company, valued at approximately $9,340.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 1,110 shares of company stock valued at $62,046. 49.30% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in DISH Network Corporation by 2.9% during the 2nd 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. raised its position in DISH Network Corporation by 1.9% during the 2nd 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. FMR LLC raised its position in DISH Network Corporation by 22.7% during the 2nd 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. Paulson & CO. Inc. raised its position in DISH Network Corporation by 15.9% during the 2nd 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 last quarter. Finally, Gamco Investors INC. ET AL raised its position in DISH Network Corporation by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock worth $153,496,000 after buying an additional 25,695 shares during the last quarter. Institutional investors own 48.76% of the company’s stock.
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.
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