Today, Dish Network Corp. (DISH) Receives $68.41 Average Price Target from Brokerages

Today, Dish Network Corp. (DISH) Receives $68.41 Average Price Target from Brokerages

Shares of Dish Network Corp. (NASDAQ:DISH) have received an average rating of “Hold” from the twenty-two research firms that are covering the firm. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $68.41.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $85.00 target price on shares of Dish Network Corp. in a report on Thursday, November 10th. Jefferies Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Dish Network Corp. in a report on Thursday, November 10th. Pivotal Research increased their target price on shares of Dish Network Corp. from $82.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, November 10th. Zacks Investment Research lowered shares of Dish Network Corp. from a “hold” rating to a “sell” rating in a report on Friday, October 14th. Finally, FBR & Co increased their target price on shares of Dish Network Corp. from $46.00 to $48.00 and gave the company an “underperform” rating in a report on Friday, November 11th.

Dish Network Corp. (NASDAQ:DISH) opened at 55.93 on Wednesday. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 29.88 and a beta of 1.05. The stock’s 50 day moving average is $56.49 and its 200 day moving average is $52.72. Dish Network Corp. has a one year low of $38.85 and a one year high of $63.80.

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

In other news, insider Carl E. Vogel sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $53.54, for a total value of $1,606,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 49.40% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of DISH. JPMorgan Chase & Co. boosted its stake in Dish Network Corp. by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 24,440,962 shares of the company’s stock valued at $1,338,875,000 after buying an additional 1,712,291 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dish Network Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,645,533 shares of the company’s stock valued at $505,426,000 after buying an additional 195,689 shares in the last quarter. Franklin Resources Inc. boosted its stake in Dish Network Corp. by 153,552.3% in the second quarter. Franklin Resources Inc. now owns 6,914,355 shares of the company’s stock valued at $362,313,000 after buying an additional 6,909,855 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Dish Network Corp. by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,502,783 shares of the company’s stock valued at $301,442,000 after buying an additional 72,880 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Dish Network Corp. by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 3,174,834 shares of the company’s stock valued at $166,364,000 after buying an additional 276,410 shares in the last quarter. 45.99% of the stock is owned by hedge funds and other institutional investors.

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