DISH Network Co. (NASDAQ:DISH) Given Consensus Rating of “Moderate Buy” by Brokerages

DISH Network Co. (NASDAQ:DISHGet Rating) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $37.21.

Several research analysts recently weighed in on DISH shares. UBS Group reduced their price target on shares of DISH Network from $44.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Morgan Stanley reduced their price target on shares of DISH Network from $29.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of DISH Network from $30.00 to $24.00 in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of DISH Network from $61.00 to $55.00 in a research report on Thursday, August 4th. Finally, Pivotal Research reduced their price target on shares of DISH Network from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 4th.

DISH Network Trading Down 2.1 %

Shares of DISH Network stock opened at $15.67 on Friday. The firm has a 50-day simple moving average of $18.03 and a two-hundred day simple moving average of $22.54. The company has a market cap of $8.31 billion, a P/E ratio of 4.82 and a beta of 1.81. DISH Network has a fifty-two week low of $15.40 and a fifty-two week high of $46.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.56 and a current ratio of 0.64.

Insider Buying and Selling at DISH Network

In other news, Director James Defranco purchased 163,637 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was acquired at an average price of $18.11 per share, with a total value of $2,963,466.07. Following the purchase, the director now directly owns 713,937 shares in the company, valued at approximately $12,929,399.07. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders acquired 453,585 shares of company stock worth $8,040,360. Insiders own 53.30% of the company’s stock.

Institutional Trading of DISH Network

Several hedge funds have recently made changes to their positions in DISH. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of DISH Network by 0.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 705,974 shares of the company’s stock worth $22,344,000 after purchasing an additional 2,387 shares during the period. Guggenheim Capital LLC boosted its position in shares of DISH Network by 115.9% during the 4th quarter. Guggenheim Capital LLC now owns 90,242 shares of the company’s stock worth $2,928,000 after purchasing an additional 48,441 shares during the period. Twin Tree Management LP purchased a new position in shares of DISH Network during the 1st quarter worth approximately $1,702,000. Kentucky Retirement Systems boosted its position in shares of DISH Network by 4.0% during the 1st quarter. Kentucky Retirement Systems now owns 15,916 shares of the company’s stock worth $504,000 after purchasing an additional 618 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of DISH Network by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 4,846,691 shares of the company’s stock worth $156,862,000 after purchasing an additional 68,530 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

DISH Network Company Profile

(Get Rating)

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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