BidaskClub Upgrades DISH Network (NASDAQ:DISH) to Hold

BidaskClub upgraded shares of DISH Network (NASDAQ:DISH) from a sell rating to a hold rating in a report released on Friday, November 2nd.

Several other research analysts also recently commented on DISH. Zacks Investment Research raised shares of DISH Network from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Wednesday, August 29th. Pivotal Research reissued a buy rating and set a $40.00 price objective on shares of DISH Network in a report on Monday, August 6th. Cowen reissued a buy rating and set a $60.00 price objective on shares of DISH Network in a report on Monday, August 6th. Guggenheim raised shares of DISH Network from a neutral rating to a buy rating and increased their price target for the company from $32.00 to $50.00 in a report on Wednesday, October 24th. Finally, Morgan Stanley increased their price target on shares of DISH Network from $36.00 to $39.00 and gave the company an equal weight rating in a report on Friday, September 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $41.43.

Shares of NASDAQ DISH traded down $0.43 during midday trading on Friday, hitting $31.73. 1,994,424 shares of the stock traded hands, compared to its average volume of 3,733,858. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 12.49 and a beta of 1.25. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.76 and a quick ratio of 0.66. DISH Network has a one year low of $27.54 and a one year high of $52.53.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.15. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.40 billion. DISH Network had a return on equity of 20.87% and a net margin of 19.01%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. Equities research analysts anticipate that DISH Network will post 2.82 EPS for the current year.

In other DISH Network news, EVP James Defranco acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The shares were bought at an average cost of $34.99 per share, with a total value of $174,950.00. Following the completion of the acquisition, the executive vice president now directly owns 1,208,529 shares in the company, valued at approximately $42,286,429.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have purchased 105,000 shares of company stock worth $3,370,450. 49.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signet Financial Management LLC lifted its stake in shares of DISH Network by 188,000.0% during the second quarter. Signet Financial Management LLC now owns 3,762 shares of the company’s stock worth $126,000 after buying an additional 3,760 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of DISH Network during the third quarter worth $130,000. Cadence Capital Management LLC acquired a new stake in shares of DISH Network during the third quarter worth $216,000. WINTON GROUP Ltd acquired a new stake in shares of DISH Network during the first quarter worth $219,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of DISH Network by 293.5% during the second quarter. Tower Research Capital LLC TRC now owns 6,618 shares of the company’s stock worth $222,000 after buying an additional 4,936 shares during the period. 48.25% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for DISH Network (NASDAQ:DISH)

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