DISH Network (DISH) Stock Rating Lowered by Morgan Stanley

DISH Network (NASDAQ:DISH) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. UBS Group dropped their price target on shares of DISH Network from $68.00 to $56.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. dropped their price target on shares of DISH Network from $62.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, October 17th. Moffett Nathanson reiterated a “sell” rating and issued a $37.00 price target (down from $45.00) on shares of DISH Network in a research report on Tuesday, September 26th. Jefferies Group reiterated a “buy” rating and issued a $80.00 price target on shares of DISH Network in a research report on Monday, September 25th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $99.00 price target on shares of DISH Network in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. DISH Network presently has a consensus rating of “Hold” and an average target price of $63.92.

Shares of DISH Network (DISH) opened at $47.99 on Wednesday. DISH Network has a one year low of $46.07 and a one year high of $66.50. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 2.72. The firm has a market cap of $23,075.34, a PE ratio of 22.64, a P/E/G ratio of 2.25 and a beta of 1.09.

DISH Network (NASDAQ:DISH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter last year, the firm posted $0.64 earnings per share. DISH Network’s revenue was down 5.0% compared to the same quarter last year. research analysts predict that DISH Network will post 1.98 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ray Gerald L & Associates Ltd. raised its holdings in DISH Network by 113.6% during the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock worth $683,000 after buying an additional 6,700 shares during the period. Quantitative Systematic Strategies LLC raised its holdings in DISH Network by 33.9% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock worth $308,000 after buying an additional 1,439 shares during the period. Chevy Chase Trust Holdings Inc. raised its holdings in DISH Network by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 199,017 shares of the company’s stock worth $10,793,000 after buying an additional 2,599 shares during the period. Old West Investment Management LLC grew its stake in DISH Network by 332.2% during the 3rd quarter. Old West Investment Management LLC now owns 101,719 shares of the company’s stock valued at $5,516,000 after acquiring an additional 78,183 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in DISH Network by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 422,673 shares of the company’s stock valued at $22,922,000 after acquiring an additional 11,173 shares in the last quarter. Hedge funds and other institutional investors own 48.54% of the company’s stock.

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DISH Network Company Profile

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.

Analyst Recommendations for DISH Network (NASDAQ:DISH)

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