DISH Network Corp (NASDAQ:DISH)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.29 and traded as high as $36.90. DISH Network shares last traded at $36.79, with a volume of 3,408,995 shares.
Several equities research analysts have commented on the company. ValuEngine lowered DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, December 13th. Citigroup cut their price objective on DISH Network from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Morgan Stanley boosted their price objective on DISH Network from $29.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Zacks Investment Research lowered DISH Network from a “strong-buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein initiated coverage on DISH Network in a research report on Tuesday, October 15th. They issued an “underperform” rating and a $29.00 price target for the company. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.55.
The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $35.27 and a 200-day moving average price of $35.27. The firm has a market capitalization of $18.14 billion, a PE ratio of 14.43 and a beta of 1.33.
DISH Network (NASDAQ:DISH) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.16 billion. DISH Network had a return on equity of 14.55% and a net margin of 10.47%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts anticipate that DISH Network Corp will post 2.5 earnings per share for the current year.
In other news, EVP Jeffrey L. Mcschooler sold 1,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.34, for a total value of $63,152.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.80% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of DISH. D. E. Shaw & Co. Inc. lifted its holdings in DISH Network by 88.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 952,723 shares of the company’s stock valued at $36,594,000 after acquiring an additional 446,873 shares during the last quarter. Vanguard Group Inc. lifted its stake in DISH Network by 1.1% during the second quarter. Vanguard Group Inc. now owns 23,719,762 shares of the company’s stock worth $911,075,000 after purchasing an additional 254,456 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in DISH Network during the second quarter worth $5,051,000. United Services Automobile Association increased its position in shares of DISH Network by 52.6% during the second quarter. United Services Automobile Association now owns 361,129 shares of the company’s stock worth $13,871,000 after acquiring an additional 124,528 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of DISH Network by 71.4% during the second quarter. AQR Capital Management LLC now owns 290,823 shares of the company’s stock worth $11,171,000 after acquiring an additional 121,127 shares during the period. Institutional investors and hedge funds own 47.24% of the company’s stock.
DISH Network Company Profile (NASDAQ:DISH)
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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