DISH Network (NASDAQ:DISH) PT Lowered to $17.00

DISH Network (NASDAQ:DISHGet Rating) had its target price decreased by Morgan Stanley from $18.00 to $17.00 in a report released on Monday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

DISH has been the topic of several other research reports. Barclays decreased their price objective on DISH Network from $19.00 to $16.00 and set an underweight rating on the stock in a research note on Thursday, November 3rd. The Goldman Sachs Group began coverage on DISH Network in a research note on Tuesday, January 10th. They set a neutral rating and a $14.00 target price on the stock. Credit Suisse Group decreased their target price on DISH Network from $45.00 to $35.00 and set an outperform rating on the stock in a research note on Thursday, November 3rd. Raymond James decreased their target price on DISH Network from $36.00 to $28.00 and set a strong-buy rating on the stock in a research note on Thursday, November 3rd. Finally, StockNews.com began coverage on DISH Network in a research note on Wednesday, October 12th. They set a sell rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $33.73.

DISH Network Stock Up 4.7 %

NASDAQ DISH opened at $14.56 on Monday. The stock’s 50-day moving average price is $14.84 and its 200-day moving average price is $15.98. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. DISH Network has a 52 week low of $12.55 and a 52 week high of $33.74. The company has a market capitalization of $7.73 billion, a P/E ratio of 4.82 and a beta of 1.81.

DISH Network (NASDAQ:DISHGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.65 EPS for the quarter, topping 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 the consensus estimate of $4.15 billion. On average, equities research analysts predict that DISH Network will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On DISH Network

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sargent Bickham Lagudis LLC boosted its holdings in shares of DISH Network by 260.0% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 1,800 shares of the company’s stock worth $25,000 after purchasing an additional 1,300 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of DISH Network by 56.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 26,969 shares of the company’s stock worth $378,000 after purchasing an additional 9,722 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of DISH Network in the 4th quarter worth approximately $77,000. Polianta Ltd boosted its holdings in shares of DISH Network by 15.2% in the 4th quarter. Polianta Ltd now owns 43,200 shares of the company’s stock worth $606,000 after purchasing an additional 5,700 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in DISH Network during the 4th quarter valued at $164,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

About DISH Network

(Get Rating)

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W.

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Analyst Recommendations for DISH Network (NASDAQ:DISH)

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