Research Analysts’ Weekly Ratings Changes for DISH Network (DISH)

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Several brokerages have updated their recommendations and price targets on shares of DISH Network (NASDAQ: DISH) in the last few weeks:

  • 8/1/2019 – DISH Network was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/29/2019 – DISH Network was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $31.00 price target on the stock.
  • 7/29/2019 – DISH Network was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/25/2019 – DISH Network was downgraded by analysts at Moffett Nathanson from a “neutral” rating to a “sell” rating. They now have a $30.00 price target on the stock.
  • 7/22/2019 – DISH Network was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/12/2019 – DISH Network was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/2/2019 – DISH Network was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

NASDAQ:DISH traded down $0.52 during trading hours on Wednesday, hitting $31.74. The company had a trading volume of 96,246 shares, compared to its average volume of 2,902,056. The firm has a market cap of $15.16 billion, a P/E ratio of 10.58 and a beta of 1.40. The company’s 50-day simple moving average is $37.80. DISH Network Corp has a 52 week low of $23.22 and a 52 week high of $44.65. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 1.42.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Monday, July 29th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.05). The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.14 billion. DISH Network had a net margin of 10.88% and a return on equity of 16.24%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. On average, sell-side analysts forecast that DISH Network Corp will post 2.45 EPS for the current fiscal year.

In related news, Director Tom A. Ortolf purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $34.87 per share, for a total transaction of $348,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $348,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles W. Ergen purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $30.94 per share, for a total transaction of $3,094,000.00. Following the acquisition, the chairman now owns 1,656,075 shares of the company’s stock, valued at $51,238,960.50. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 410,005 shares of company stock worth $12,952,859. 52.80% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of DISH Network by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 23,719,762 shares of the company’s stock valued at $911,075,000 after purchasing an additional 254,456 shares during the period. Private Advisor Group LLC bought a new position in shares of DISH Network during the 2nd quarter valued at approximately $440,000. ETF Managers Group LLC bought a new position in shares of DISH Network during the 2nd quarter valued at approximately $846,000. Asset Management One Co. Ltd. grew its stake in shares of DISH Network by 6.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 136,054 shares of the company’s stock valued at $5,222,000 after acquiring an additional 7,761 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of DISH Network during the 2nd quarter valued at approximately $697,000. Hedge funds and other institutional investors own 48.64% of the company’s stock.

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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