DISH Network (NASDAQ:DISH) Rating Lowered to Hold at BidaskClub

Share on StockTwits

BidaskClub downgraded shares of DISH Network (NASDAQ:DISH) from a buy rating to a hold rating in a report released on Saturday morning, BidAskClub reports.

Several other research firms also recently commented on DISH. SunTrust Banks increased their price objective on shares of DISH Network from $23.00 to $30.00 and gave the company a hold rating in a report on Friday, June 12th. Raymond James restated a strong-buy rating and set a $48.00 target price (up from $47.00) on shares of DISH Network in a research report on Monday, May 18th. ValuEngine upgraded shares of DISH Network from a sell rating to a hold rating in a research report on Friday, May 8th. Pivotal Research restated a buy rating and set a $39.00 target price on shares of DISH Network in a research report on Thursday, May 7th. Finally, Morgan Stanley decreased their target price on shares of DISH Network from $35.00 to $30.00 and set an equal weight rating on the stock in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $36.08.

DISH opened at $32.49 on Friday. The firm has a 50-day simple moving average of $33.38 and a two-hundred day simple moving average of $30.62. DISH Network has a 52 week low of $17.09 and a 52 week high of $44.65. The company has a market capitalization of $16.70 billion, a PE ratio of 15.62 and a beta of 1.76. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 1.12.

DISH Network (NASDAQ:DISH) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.44). DISH Network had a net margin of 8.82% and a return on equity of 10.61%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts expect that DISH Network will post 1.86 earnings per share for the current year.

In related news, EVP Thomas A. Cullen sold 50,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $35.00, for a total value of $1,750,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 53.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of DISH. FNY Investment Advisers LLC bought a new position in DISH Network in the 2nd quarter worth about $38,000. Global Retirement Partners LLC bought a new position in DISH Network in the 2nd quarter worth about $62,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in DISH Network in the 2nd quarter worth about $75,000. Arlington Partners LLC bought a new position in DISH Network in the 2nd quarter worth about $138,000. Finally, Virginia National Bank bought a new position in DISH Network in the 2nd quarter worth about $345,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.

See Also: Trading Strategy Methods and Types

Analyst Recommendations for DISH Network (NASDAQ:DISH)

Receive News & Ratings for DISH Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DISH Network and related companies with MarketBeat.com's FREE daily email newsletter.