DISH Network (DISH) Receiving Neutral News Coverage, Report Finds

Headlines about DISH Network (NASDAQ:DISH) have trended neutral recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. DISH Network earned a daily sentiment score of 0.16 on their scale. InfoTrie also assigned news headlines about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted DISH Network’s analysis:

DISH has been the subject of several research analyst reports. Morgan Stanley lifted their target price on DISH Network from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Guggenheim upgraded DISH Network from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $50.00 in a research note on Wednesday, October 24th. BidaskClub downgraded DISH Network from a “sell” rating to a “strong sell” rating in a research note on Friday, July 27th. Zacks Investment Research downgraded DISH Network from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Finally, Pivotal Research reduced their price target on DISH Network from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. DISH Network presently has an average rating of “Hold” and a consensus price target of $41.43.

DISH traded up $0.04 during trading on Thursday, hitting $32.16. The stock had a trading volume of 2,392,793 shares, compared to its average volume of 2,942,242. The company has a market capitalization of $14.72 billion, a PE ratio of 12.66 and a beta of 1.25. DISH Network has a one year low of $27.54 and a one year high of $52.53. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.76 and a quick ratio of 0.66.

DISH Network (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.40 billion. DISH Network had a return on equity of 20.60% and a net margin of 17.80%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. Equities analysts anticipate that DISH Network will post 2.79 earnings per share for the current fiscal year.

In other news, insider James Defranco purchased 5,000 shares of DISH Network stock in a transaction that occurred on Tuesday, September 25th. The stock was acquired at an average cost of $34.99 per share, for a total transaction of $174,950.00. Following the purchase, the insider now directly owns 1,203,529 shares of the company’s stock, valued at approximately $42,111,479.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 105,000 shares of company stock valued at $3,370,450 over the last 90 days. 49.20% of the stock is currently owned by corporate insiders.

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DISH Network Company Profile

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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