DISH Network (NASDAQ:DISH) PT Lowered to $18.00

DISH Network (NASDAQ:DISH – Get Rating) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $24.00 to $18.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 57.76% from the company’s previous close.

A number of other brokerages also recently issued reports on DISH. Morgan Stanley lowered their price objective on DISH Network from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, January 23rd. Barclays cut their target price on DISH Network from $16.00 to $14.00 and set an “underweight” rating for the company in a research note on Friday, February 24th. Raymond James decreased their price objective on DISH Network from $28.00 to $27.00 and set a “strong-buy” rating on the stock in a report on Friday, February 24th. Royal Bank of Canada reduced their price target on DISH Network from $20.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on DISH Network in a research report on Tuesday, January 10th. They issued a “neutral” rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.93.

DISH Network Stock Down 6.5 %

DISH stock opened at $11.41 on Monday. The stock has a fifty day moving average of $14.19 and a 200-day moving average of $15.19. DISH Network has a fifty-two week low of $11.08 and a fifty-two week high of $33.74. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.68 and a current ratio of 0.77. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 3.15 and a beta of 1.82.

DISH Network (NASDAQ:DISH – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $1.00. DISH Network had a net margin of 13.81% and a return on equity of 13.66%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, equities research analysts predict that DISH Network will post 1.2 earnings per share for the current year.

Institutional Investors Weigh In On DISH Network

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP raised its holdings in shares of DISH Network by 231.2% during the 4th quarter. Marshall Wace LLP now owns 2,268,355 shares of the company’s stock worth $31,848,000 after acquiring an additional 1,583,537 shares in the last quarter. Dodge & Cox increased its position in shares of DISH Network by 3.6% during the second 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. Thrivent Financial for Lutherans raised its position in DISH Network by 42.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,957,063 shares of the company’s stock valued at $55,557,000 after purchasing an additional 1,179,775 shares in the last quarter. Zimmer Partners LP increased its position in DISH Network by 83.3% during the 2nd quarter. Zimmer Partners LP now owns 2,200,000 shares of the company’s stock valued at $39,446,000 after purchasing an additional 1,000,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in DISH Network by 2.2% in the first quarter. Vanguard Group Inc. now owns 27,323,433 shares of the company’s stock worth $864,788,000 after buying an additional 597,587 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

About DISH Network

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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.