Today, Dish Network Corp.’s (DISH) “Buy” Rating Reiterate at BTIG Research

Today, Dish Network Corp.’s (DISH) “Buy” Rating Reiterate at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Dish Network Corp. (NASDAQ:DISH) in a report published on Tuesday morning. BTIG Research currently has a $90.00 target price on the stock, up from their prior target price of $85.00.

Other research analysts also recently issued reports about the stock. Jefferies Group reissued a buy rating and issued a $80.00 price target on shares of Dish Network Corp. in a report on Thursday, November 10th. Pivotal Research lifted their price objective on shares of Dish Network Corp. from $82.00 to $86.00 and gave the stock a buy rating in a report on Thursday, November 10th. TheStreet raised shares of Dish Network Corp. from a hold rating to a buy rating in a report on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $85.00 price objective on shares of Dish Network Corp. in a report on Thursday, November 10th. Finally, Zacks Investment Research downgraded shares of Dish Network Corp. from a strong-buy rating to a hold rating in a report on Monday, September 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $67.96.

Shares of Dish Network Corp. (NASDAQ:DISH) opened at 55.69 on Tuesday. The firm has a market capitalization of $25.89 billion, a P/E ratio of 29.75 and a beta of 1.05. Dish Network Corp. has a one year low of $38.85 and a one year high of $63.80. The firm’s 50-day moving average price is $56.47 and its 200-day moving average price is $52.66.

Dish Network Corp. (NASDAQ:DISH) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Dish Network Corp. had a net margin of 6.48% and a return on equity of 40.84%. The firm earned $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts forecast that Dish Network Corp. will post $3.01 earnings per share for the current year.

In other news, insider Carl E. Vogel sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 49.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Dish Network Corp. by 2.0% in the first quarter. Legal & General Group Plc now owns 870,658 shares of the company’s stock valued at $40,280,000 after buying an additional 17,085 shares in the last quarter. LPL Financial LLC increased its position in shares of Dish Network Corp. by 162.4% in the first quarter. LPL Financial LLC now owns 40,030 shares of the company’s stock worth $1,789,000 after buying an additional 24,774 shares during the period. Seven Eight Capital LLC increased its position in shares of Dish Network Corp. by 1,983.8% in the first quarter. Seven Eight Capital LLC now owns 10,294 shares of the company’s stock worth $476,000 after buying an additional 9,800 shares during the period. Squarepoint Ops LLC increased its position in shares of Dish Network Corp. by 98.2% in the first quarter. Squarepoint Ops LLC now owns 40,027 shares of the company’s stock worth $1,852,000 after buying an additional 19,827 shares during the period. Finally, British Columbia Investment Management Corp increased its position in shares of Dish Network Corp. by 45.1% in the second quarter. British Columbia Investment Management Corp now owns 148,720 shares of the company’s stock worth $7,793,000 after buying an additional 46,250 shares during the period. Hedge funds and other institutional investors own 45.99% of the company’s stock.

About Dish Network Corp.

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