DISH Network (NASDAQ:DISH) PT Lowered to $30.00

DISH Network (NASDAQ:DISHGet Rating) had its price objective cut by stock analysts at UBS Group from $44.00 to $30.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 56.25% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Raymond James decreased their target price on DISH Network from $49.00 to $42.00 in a research report on Monday, May 9th. Citigroup decreased their target price on DISH Network from $46.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Pivotal Research decreased their target price on DISH Network from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark decreased their target price on DISH Network from $50.00 to $37.00 in a research report on Monday, May 9th. Finally, Credit Suisse Group raised DISH Network from a “neutral” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, DISH Network currently has a consensus rating of “Moderate Buy” and an average price target of $36.38.

DISH Network Trading Up 0.2 %

Shares of NASDAQ DISH opened at $19.20 on Thursday. 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. The business has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $25.60. DISH Network has a 52 week low of $16.20 and a 52 week high of $46.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.64.

DISH Network (NASDAQ:DISHGet Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.39 billion. DISH Network had a net margin of 11.84% and a return on equity of 13.11%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, research analysts predict that DISH Network will post 2.54 earnings per share for the current fiscal year.

Insider Activity at DISH Network

In other news, Director James Defranco bought 400,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $19.27 per share, for a total transaction of $7,708,000.00. Following the completion of the purchase, the director now owns 1,661,428 shares of the company’s stock, valued at approximately $32,015,717.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 53.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Covestor Ltd raised its stake in shares of DISH Network by 268.9% in the first quarter. Covestor Ltd now owns 889 shares of the company’s stock valued at $28,000 after purchasing an additional 648 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in DISH Network during the first quarter worth $30,000. Trust Co. of Vermont acquired a new position in DISH Network during the second quarter worth $43,000. CVA Family Office LLC acquired a new position in DISH Network during the second quarter worth $54,000. Finally, Rosenberg Matthew Hamilton acquired a new position in DISH Network during the first quarter worth $61,000. 46.90% of the stock is currently owned by institutional investors and hedge funds.

DISH Network Company Profile

(Get Rating)

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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