DISH Network (NASDAQ:DISH – Get Rating) had its target price cut by stock analysts at Deutsche Bank Aktiengesellschaft from $61.00 to $55.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 186.46% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Raymond James cut their price objective on DISH Network from $49.00 to $42.00 in a research report on Monday, May 9th. Benchmark cut their price objective on DISH Network from $50.00 to $37.00 in a research report on Monday, May 9th. JPMorgan Chase & Co. cut DISH Network from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $40.00 to $30.00 in a research report on Monday, May 9th. Barclays dropped their price target on DISH Network from $25.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, July 7th. Finally, Citigroup dropped their price target on DISH Network from $46.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, DISH Network has a consensus rating of “Moderate Buy” and an average target price of $36.38.
DISH Network Stock Performance
DISH Network stock opened at $19.20 on Thursday. The stock’s 50 day simple moving average is $18.64 and its two-hundred day simple moving average is $25.60. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.64. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.27 and a beta of 1.85. DISH Network has a fifty-two week low of $16.20 and a fifty-two week high of $46.31.
Insider Activity at DISH Network
In other DISH Network news, Director James Defranco acquired 400,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average cost of $19.27 per share, with a total value of $7,708,000.00. Following the transaction, the director now owns 1,661,428 shares of the company’s stock, valued at approximately $32,015,717.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 53.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On DISH Network
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in DISH Network by 268.9% during the 1st quarter. Covestor Ltd now owns 889 shares of the company’s stock valued at $28,000 after buying an additional 648 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in DISH Network during the 1st quarter valued at $30,000. Trust Co. of Vermont purchased a new stake in DISH Network during the 2nd quarter valued at $43,000. CVA Family Office LLC purchased a new stake in DISH Network during the 2nd quarter valued at $54,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in DISH Network during the 1st quarter valued at $61,000. 46.90% 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.
- Get a free copy of the StockNews.com research report on DISH Network (DISH)
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