DISH Network (NASDAQ:DISH) PT Raised to $36.00

DISH Network (NASDAQ:DISH) had its target price raised by stock analysts at UBS Group from $34.00 to $36.00 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 1.93% from the company’s current price.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein began coverage on shares of DISH Network in a report on Tuesday, October 15th. They issued an “underperform” rating and a $29.00 price objective on the stock. Moffett Nathanson lowered shares of DISH Network from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a report on Thursday, July 25th. ValuEngine upgraded shares of DISH Network from a “strong sell” rating to a “sell” rating in a report on Monday, October 21st. Cfra upgraded shares of DISH Network from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub lowered shares of DISH Network from a “hold” rating to a “sell” rating in a report on Friday. Eight analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.77.

DISH Network stock traded up $0.63 during trading hours on Friday, hitting $35.32. 2,285,300 shares of the stock were exchanged, compared to its average volume of 2,665,102. The business’s 50-day moving average is $34.22 and its two-hundred day moving average is $35.53. DISH Network has a 12 month low of $23.22 and a 12 month high of $44.65. The stock has a market capitalization of $16.28 billion, a P/E ratio of 11.77 and a beta of 1.41. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.63.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.07. DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business posted $0.82 earnings per share. DISH Network’s revenue was down 6.6% compared to the same quarter last year. On average, equities analysts predict that DISH Network will post 2.43 earnings per share for the current fiscal year.

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In other news, insider James Defranco bought 300,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $31.18 per share, for a total transaction of $9,354,000.00. Following the completion of the acquisition, the insider now owns 1,528,529 shares in the company, valued at approximately $47,659,534.22. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 52.80% of the company’s stock.

Several hedge funds have recently modified their holdings of DISH. Doyle Wealth Management bought a new stake in shares of DISH Network during the second quarter worth $25,000. Bessemer Group Inc. grew its position in DISH Network by 50.3% in the second quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after purchasing an additional 428 shares in the last quarter. Trust Co. of Vermont grew its position in DISH Network by 4,000.0% in the second quarter. Trust Co. of Vermont now owns 2,460 shares of the company’s stock valued at $85,000 after purchasing an additional 2,400 shares in the last quarter. Meeder Asset Management Inc. bought a new position in DISH Network in the second quarter valued at $93,000. Finally, Advisor Partners LLC bought a new position in DISH Network in the second quarter valued at $201,000. 47.99% of the stock is owned by institutional investors.

About DISH Network

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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