DISH Network (NASDAQ:DISH) had its price target increased by UBS Group from $34.00 to $36.00 in a research report sent to investors on Friday morning, Stock Target Advisor reports. UBS Group currently has a neutral rating on the stock.
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Other equities analysts have also recently issued reports about the company. ValuEngine raised DISH Network from a strong sell rating to a sell rating in a report on Monday, October 21st. Barclays cut DISH Network from an equal weight rating to an underweight rating and set a $31.00 price target for the company. in a report on Monday, July 29th. Sanford C. Bernstein assumed coverage on DISH Network in a report on Tuesday, October 15th. They issued an underperform rating and a $29.00 price target for the company. BidaskClub cut DISH Network from a hold rating to a sell rating in a report on Friday. Finally, Citigroup cut their price target on DISH Network from $42.00 to $40.00 and set a buy rating for the company in a report on Friday, October 4th. Eight analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $33.77.
Shares of DISH stock traded up $0.63 during midday trading on Friday, hitting $35.32. The company had a trading volume of 2,285,300 shares, compared to its average volume of 2,665,102. The company’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $35.53. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 11.77 and a beta of 1.41. DISH Network has a 52-week low of $23.22 and a 52-week high of $44.65. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.63 and a quick ratio of 0.58.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DISH Network had a return on equity of 16.24% and a net margin of 10.88%. DISH Network’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Analysts anticipate that DISH Network will post 2.43 EPS for the current year.
In other DISH Network news, insider James Defranco acquired 300,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $31.18 per share, with a total value of $9,354,000.00. Following the completion of the transaction, the insider now directly owns 1,528,529 shares in the company, valued at $47,659,534.22. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 52.80% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its position in shares of DISH Network by 0.3% in the second quarter. Treasurer of the State of North Carolina now owns 113,299 shares of the company’s stock valued at $4,352,000 after purchasing an additional 340 shares during the period. Aperio Group LLC grew its position in shares of DISH Network by 0.7% in the second quarter. Aperio Group LLC now owns 53,350 shares of the company’s stock valued at $2,049,000 after purchasing an additional 389 shares during the period. World Asset Management Inc grew its position in shares of DISH Network by 2.6% in the second quarter. World Asset Management Inc now owns 15,724 shares of the company’s stock valued at $604,000 after purchasing an additional 399 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in DISH Network by 0.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 43,041 shares of the company’s stock valued at $1,653,000 after acquiring an additional 400 shares during the period. Finally, Bessemer Group Inc. grew its position in DISH Network by 50.3% during the second quarter. Bessemer Group Inc. now owns 1,279 shares of the company’s stock valued at $49,000 after acquiring an additional 428 shares during the period. 47.99% of the stock is owned by institutional investors and hedge funds.
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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