DISH Network (NASDAQ:DISH) had its price target raised by research analysts at Morgan Stanley from $30.00 to $32.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 0.41% from the stock's previous close.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their price objective on DISH Network from $69.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, November 18th. TheStreet raised DISH Network from a "c+" rating to a "b-" rating in a report on Thursday, December 10th. Guggenheim cut DISH Network from a "buy" rating to a "neutral" rating in a report on Friday, December 4th. Pivotal Research lowered DISH Network from a "buy" rating to a "hold" rating and cut their price target for the company from $42.00 to $34.00 in a research note on Tuesday. Finally, Raymond James cut their price target on DISH Network from $55.00 to $54.00 and set a "strong-buy" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. DISH Network has a consensus rating of "Hold" and a consensus price target of $37.17.
DISH traded up $0.47 on Thursday, reaching $31.87. 43,678 shares of the stock were exchanged, compared to its average volume of 5,328,263. The company's 50-day moving average price is $31.81 and its 200 day moving average price is $31.65. DISH Network has a fifty-two week low of $17.09 and a fifty-two week high of $38.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.77 and a quick ratio of 0.69. The firm has a market capitalization of $16.76 billion, a PE ratio of 13.01, a PEG ratio of 3.38 and a beta of 2.00.
DISH Network (NASDAQ:DISH) last issued its quarterly earnings data on Sunday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.49. The business had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.55 billion. DISH Network had a return on equity of 11.81% and a net margin of 10.01%. The company's revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, equities analysts forecast that DISH Network will post 2.51 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Achmea Investment Management B.V. increased its stake in DISH Network by 2.1% during the 4th quarter. Achmea Investment Management B.V. now owns 98,769 shares of the company's stock worth $3,195,000 after buying an additional 2,001 shares in the last quarter. Tabor Asset Management LP purchased a new stake in DISH Network during the 4th quarter worth approximately $5,657,000. Eudaimonia Partners LLC purchased a new stake in DISH Network during the 4th quarter worth approximately $33,000. Truist Financial Corp purchased a new stake in DISH Network during the 4th quarter worth approximately $2,090,000. Finally, Peconic Partners LLC purchased a new stake in DISH Network during the 4th quarter worth approximately $4,851,000. Institutional investors own 42.52% of the company's stock.
About DISH Network
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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7 Semiconductor Stocks Set to Gain From the Chip Shortage
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View the "7 Semiconductor Stocks Set to Gain From the Chip Shortage".