BidaskClub Upgrades DISH Network (NASDAQ:DISH) to Buy

DISH Network (NASDAQ:DISH) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday, BidAskClub reports.

Several other research analysts have also commented on the company. Credit Suisse Group set a €50.00 ($58.14) price objective on Fresenius SE & Co KGaA and gave the company a “neutral” rating in a research report on Monday, May 6th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Pivotal Research reissued a “hold” rating and issued a $33.00 price objective (down from $37.00) on shares of DISH Network in a research report on Monday, May 20th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $37.62.

NASDAQ:DISH opened at $41.87 on Friday. The firm has a 50-day moving average of $37.79. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.60. DISH Network has a 12 month low of $23.22 and a 12 month high of $41.97. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 14.24 and a beta of 1.42.

DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. DISH Network had a return on equity of 18.42% and a net margin of 11.59%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the company posted $0.70 earnings per share. The firm’s revenue was down 7.8% compared to the same quarter last year. On average, research analysts predict that DISH Network will post 2.45 EPS for the current fiscal year.

In other DISH Network news, Director Tom A. Ortolf bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average cost of $34.87 per share, with a total value of $348,700.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $348,700. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 52.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CENTRAL TRUST Co raised its holdings in shares of DISH Network by 253.7% during the second quarter. CENTRAL TRUST Co now owns 7,480 shares of the company’s stock valued at $305,000 after buying an additional 5,365 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of DISH Network by 0.7% during the second quarter. Retirement Systems of Alabama now owns 107,600 shares of the company’s stock valued at $4,133,000 after buying an additional 758 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of DISH Network during the second quarter valued at approximately $377,000. Crossmark Global Holdings Inc. raised its holdings in shares of DISH Network by 4.4% during the second quarter. Crossmark Global Holdings Inc. now owns 34,387 shares of the company’s stock valued at $1,321,000 after buying an additional 1,443 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of DISH Network by 79.0% during the second quarter. DNB Asset Management AS now owns 47,838 shares of the company’s stock valued at $1,837,000 after buying an additional 21,115 shares during the last quarter. 48.83% 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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