DISH Network Corp (NASDAQ:DISH) has been given an average recommendation of “Hold” by the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.64.

A number of research analysts recently weighed in on DISH shares. Morgan Stanley lowered their price objective on shares of DISH Network from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 6th. BidaskClub upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Guggenheim upgraded shares of DISH Network from a “neutral” rating to a “buy” rating and increased their price objective for the company from $32.00 to $50.00 in a research report on Wednesday, October 24th. Wolfe Research started coverage on shares of DISH Network in a research report on Friday, December 7th. They set a “market perform” rating on the stock. Finally, Pivotal Research lowered their price objective on shares of DISH Network from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd.

DISH Network stock traded down $0.02 during midday trading on Wednesday, reaching $31.52. 69,170 shares of the company traded hands, compared to its average volume of 3,129,986. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 12.40 and a beta of 1.57. DISH Network has a 12 month low of $23.22 and a 12 month high of $46.30. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.67.

In other DISH Network news, insider James Defranco purchased 10,000 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were acquired at an average cost of $30.48 per share, for a total transaction of $304,800.00. Following the completion of the transaction, the insider now owns 1,498,529 shares of the company’s stock, valued at $45,675,163.92. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 200,000 shares of company stock worth $5,727,900 over the last quarter. Insiders own 49.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of DISH Network in the fourth quarter worth $30,000. CENTRAL TRUST Co purchased a new stake in shares of DISH Network in the fourth quarter worth $53,000. Penserra Capital Management LLC purchased a new stake in shares of DISH Network in the fourth quarter worth $70,000. Dupont Capital Management Corp purchased a new stake in shares of DISH Network in the third quarter worth $130,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of DISH Network in the fourth quarter worth $94,000. 48.84% of the stock is owned by hedge funds and other institutional investors.

DISH Network Company Profile

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

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Analyst Recommendations for DISH Network (NASDAQ:DISH)

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