BidaskClub Lowers DISH Network Corporation (DISH) to Sell

Xavier Trudeau
Août 3, 2017

Doyle Wealth Management's holdings in DISH Network Corporation were worth $8,930,000 at the end of the most recent quarter.

Omega Advisors Inc decreased Dish Network Corp (DISH) stake by 10.27% reported in 2016Q4 SEC filing. The number of shares now owned by investors are 465.47 mln. Meadow Creek Investment Management LLC acquired a new stake in DISH Network Corporation during the first quarter worth $141,000. Deutsche Bank AG decreased their target price on shares of DISH Network Corporation from $103.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 19th. Huntington National Bank now owns 2,319 shares of the company's stock worth $147,000 after buying an additional 19 shares during the last quarter. Finally, Pivotal Research cut shares of DISH Network Corporation from a "buy" rating to a "hold" rating and reduced their price target for the stock from $86.00 to $70.00 in a research report on Monday, May 1st. For the past 5 days of trading, the stock has seen a move of 0.85%. The company's stock had a trading volume of 1,104,497 shares. Current price places the company's stock -6.25% away from its 200-day simple moving average, -1.29%, away from the 50-day average and also 1.6% away from 20-day average. DISH Network Corporation has a 52-week low of $48.51 and a 52-week high of $66.50. The stock has a market capitalization of $30.51 billion, a PE ratio of 22.12 and a beta of 0.96.

DISH Network 2Q 17 earnings and Chesapeake Energy Q2 17 earnings were released before opening bell this morning. DISH Network Corporation had a net margin of 9.59% and a return on equity of 32.65%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company ended the quarter with 13.33 million pay-TV subscribers, down from 13.59 million previous year. If you are viewing this piece on another website, it was stolen and reposted in violation of USA and global copyright legislation. Under the June 5 ruling in the case brought by the USA government and several states, Dish is subject to certain compliance reporting and monitoring requirements for third-party telemarketers. Barclays PLC upgraded DISH Network Corporation from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $62.00 to $74.00 in a research note on Thursday, April 27th. Wells Fargo & Company reaffirmed an "outperform" rating on shares of DISH Network Corporation in a research note on Wednesday, June 28th. DISH Network Corporation earned a media sentiment score of 0.18 on Accern's scale. It opened the session with a $64.19 price tag, later ranging from $63.53 to $66.48, the range at which the stock has traded at throughout the day. (NASDAQ:DISH), 8 have Buy rating, 4 Sell and 7 Hold. Macquarie reaffirmed a "hold" rating and set a $65.00 price target on shares of DISH Network Corporation in a research note on Monday, May 1st. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Institutional investors and hedge funds own 50.03% of the company's stock.

By Dish_Network.svg: DISH Network LLCderivative work: Fry1989 eh?

The company has been buying up wireless airwaves, or spectrum, in recent years as its satellite business has come under pressure from cable as well as cheaper streaming options. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services).

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