DISH Network (NASDAQ:DISH) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of DISH Network (NASDAQ:DISH – Get Rating) in a research note released on Tuesday, The Fly reports. The firm issued a neutral rating and a $14.00 price objective on the stock.

A number of other research firms have also commented on DISH. Credit Suisse Group dropped their price target on DISH Network from $45.00 to $35.00 and set an outperform rating on the stock in a research report on Thursday, November 3rd. Raymond James dropped their price target on DISH Network from $36.00 to $28.00 and set a strong-buy rating on the stock in a research report on Thursday, November 3rd. StockNews.com started coverage on DISH Network in a research report on Wednesday, October 12th. They set a sell rating on the stock. Citigroup dropped their price target on DISH Network from $34.00 to $33.00 in a research report on Friday, November 4th. Finally, Barclays decreased their price objective on DISH Network from $19.00 to $16.00 and set an underweight rating for the company in a report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $33.80.

DISH Network Trading Down 6.3 %

NASDAQ:DISH opened at $14.83 on Tuesday. DISH Network has a 1-year low of $12.55 and a 1-year high of $37.28. The business’s 50-day moving average price is $14.97 and its two-hundred day moving average price is $16.23. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 4.91 and a beta of 1.81.

DISH Network (NASDAQ:DISH – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.10. DISH Network had a return on equity of 11.81% and a net margin of 11.24%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. On average, equities analysts expect that DISH Network will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in shares of DISH Network by 38.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,796,929 shares of the company’s stock worth $50,149,000 after acquiring an additional 771,322 shares during the period. Potomac Capital Management Inc. boosted its stake in shares of DISH Network by 54.2% during the 2nd quarter. Potomac Capital Management Inc. now owns 23,300 shares of the company’s stock worth $418,000 after acquiring an additional 8,188 shares during the period. Trexquant Investment LP bought a new position in shares of DISH Network during the 2nd quarter worth approximately $1,867,000. Dodge & Cox boosted its stake in shares of DISH Network by 3.6% during the 2nd quarter. Dodge & Cox now owns 39,723,546 shares of the company’s stock worth $712,243,000 after acquiring an additional 1,380,282 shares during the period. Finally, Trust Co. of Vermont bought a new position in shares of DISH Network during the 2nd quarter worth approximately $43,000. 96.51% of the stock is currently owned by institutional investors.

DISH Network Company Profile

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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.