DISH Network Corp (NASDAQ:DISH)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $80.00 price target on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 26.00% from the company’s previous close.
A number of other analysts have also weighed in on DISH. Morgan Stanley upgraded shares of DISH Network Corp from an “equal weight” rating to an “overweight” rating and set a $75.00 price objective for the company in a research note on Monday, January 23rd. They noted that the move was a valuation call. Citigroup Inc restated a “focus list” rating on shares of DISH Network Corp in a research note on Wednesday, January 25th. Zacks Investment Research lowered shares of DISH Network Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. Barclays PLC restated an “equal weight” rating and set a $62.00 price objective (up from $59.00) on shares of DISH Network Corp in a research note on Thursday, February 23rd. Finally, FBR & Co restated an “underperform” rating and set a $44.00 price objective on shares of DISH Network Corp in a research note on Saturday, March 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. DISH Network Corp presently has a consensus rating of “Buy” and an average target price of $66.70.
Shares of DISH Network Corp (NASDAQ:DISH) traded up 0.46% during mid-day trading on Friday, hitting $63.49. 3,235,829 shares of the company were exchanged. The company has a market capitalization of $29.55 billion, a P/E ratio of 20.81 and a beta of 1.09. DISH Network Corp has a 52 week low of $43.28 and a 52 week high of $64.74. The company has a 50 day moving average of $62.40 and a 200 day moving average of $58.72.
DISH Network Corp (NASDAQ:DISH) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The business earned $3.72 billion during the quarter, compared to analyst estimates of $3.76 billion. DISH Network Corp had a net margin of 6.48% and a return on equity of 40.84%. DISH Network Corp’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned ($0.27) EPS. Equities analysts anticipate that DISH Network Corp will post $2.81 earnings per share for the current year.
In related news, EVP Thomas A. Cullen sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $62.49, for a total value of $3,749,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 49.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in DISH Network Corp by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 343,408 shares of the company’s stock worth $19,894,000 after buying an additional 19,389 shares during the last quarter. Dodge & Cox acquired a new position in DISH Network Corp during the fourth quarter worth about $942,242,000. Norges Bank acquired a new position in DISH Network Corp during the fourth quarter worth about $88,743,000. Round Hill Asset Management acquired a new position in DISH Network Corp during the fourth quarter worth about $5,486,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in DISH Network Corp by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock worth $107,000 after buying an additional 233 shares during the last quarter. 47.98% of the stock is currently owned by institutional investors.
About DISH Network Corp
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.