Shares of DISH Network Co. (NASDAQ:DISH) have received an average rating of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.92.
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of DISH Network in a report on Thursday, July 16th. They set a “neutral” rating and a $35.00 price target on the stock. SunTrust Banks lifted their price target on shares of DISH Network from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Bank of America reiterated a “buy” rating and set a $36.00 price target on shares of DISH Network in a report on Friday, June 12th. Pivotal Research reiterated a “buy” rating and set a $41.00 price target on shares of DISH Network in a report on Friday, August 7th. Finally, Citigroup boosted their target price on shares of DISH Network from $35.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, June 30th.
Shares of NASDAQ DISH traded down $0.23 during midday trading on Monday, reaching $28.55. 2,335,357 shares of the company were exchanged, compared to its average volume of 3,280,488. The stock has a market cap of $14.99 billion, a P/E ratio of 12.63 and a beta of 1.74. The stock’s 50-day moving average price is $32.65 and its 200-day moving average price is $29.55. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. DISH Network has a one year low of $17.09 and a one year high of $42.62.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.10 billion. DISH Network had a net margin of 9.90% and a return on equity of 11.14%. DISH Network’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts anticipate that DISH Network will post 2.27 EPS for the current year.
In other news, EVP Thomas A. Cullen sold 43,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $32.87, for a total transaction of $1,413,410.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kyle J. Kiser sold 4,500 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $32.72, for a total transaction of $147,240.00. The disclosure for this sale can be found here. Insiders have sold 262,500 shares of company stock worth $8,051,070 in the last quarter. Company insiders own 53.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC bought a new stake in shares of DISH Network during the second quarter worth about $65,846,000. CIBC Asset Management Inc bought a new stake in shares of DISH Network during the second quarter worth about $1,039,000. Nisa Investment Advisors LLC bought a new stake in shares of DISH Network during the second quarter worth about $1,325,000. Swiss National Bank bought a new stake in shares of DISH Network during the second quarter worth about $33,018,000. Finally, Texas Permanent School Fund bought a new stake in shares of DISH Network during the second quarter worth about $1,564,000. Hedge funds and other institutional investors own 43.74% of the company’s stock.
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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