DISH Network Corp (NASDAQ:DISH) Given Consensus Rating of “Hold” by Brokerages

DISH Network Corp (NASDAQ:DISH) has been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.75.

Several research firms have issued reports on DISH. Citigroup boosted their price objective on DISH Network from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Barclays restated a “sell” rating and set a $21.00 price objective on shares of DISH Network in a report on Friday, April 17th. Credit Suisse Group reiterated a “hold” rating on shares of DISH Network in a report on Friday, May 8th. BidaskClub upgraded DISH Network from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $67.00 target price on shares of DISH Network in a report on Friday, June 12th.

NASDAQ DISH traded down $1.32 on Friday, hitting $32.55. 5,862,952 shares of the company were exchanged, compared to its average volume of 3,826,155. The company’s 50 day moving average price is $31.07 and its 200-day moving average price is $30.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market capitalization of $17.75 billion, a P/E ratio of 16.28 and a beta of 1.75. DISH Network has a twelve month low of $17.09 and a twelve month high of $44.65.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.44). The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.15 billion. DISH Network had a return on equity of 10.61% and a net margin of 8.82%. DISH Network’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, equities analysts expect that DISH Network will post 1.91 EPS for the current year.

A hedge fund recently bought a new stake in DISH Network stock. State of New Jersey Common Pension Fund D bought a new position in shares of DISH Network Corp (NASDAQ:DISH) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 182,551 shares of the company’s stock, valued at approximately $3,649,000. 42.92% of the stock is currently owned by institutional investors.

About DISH Network

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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