Jefferies Group restated their buy rating on Dish Network Corp.’s shares. Their target price on stock is $80.00. For a total transaction of $975,800.00, shares were sold at an average price of $48.79, and 20,637 shares of the company’s stock are now directly owned by the executive vice president of Dish Network.
New stakes in the shares of Dish Network Corp. was bought by Invictus RG (worth about $161,000), Meiji Yasuda Asset Management (worth about $206,000), ING Groep NV (worth about $228,000), and Hartford Investment Management Co. (worth about $213,000). Besides that, Franklin Resources Inc. raised its stake by 28.6% in the first quarter in shares of Dish Network Corp., and now owns shares of the company worth $208,000.
The price objective on shares of Dish Network Corp. was increased by Royal Bank of Canada to $56.00 from $50.00, which also gave Dish a sector perform rating. Moreover, buy rating on shares of Dish Network Corp. were issued by JPMorgan Chase & Co. and Wells Fargo & Co. Pacific Crest reissued a hold rating on shares of Dish Network Corp.
Eight investment analysts have rated the stock with a buy rating, nine with a hold rating, three with a sell rating, and one with a strong buy rating. Currently, Dish has an overall HOLD consensus rating, and a consensus price target of $66.24. It is to be noted that Dish Network Corp. reported $0.88 EPS for the quarter. A 200-day moving average for Dish Network Corp. is $49.17, and 50-day moving average is $51.67. It has 52-week high of $65.49 and 52-week low of $38.85. The stock has a PE ratio of 26.1749 and a market cap of $22.78 billion.
Dish Network Corp. is a holding company that operates through satellite TV and wireless, and offers pay-TV services under the Sling and Dish brand. The Dish branded pay-TV service has Federal Communications Commission (FCC) licenses, which authorizes Dish to use Fixed Satellite Service (FSS) spectrum, direct broadcast satellite (DBS), its leased and owned satellites, third-party broadcast operations, receiver systems, a leased fiber optic network, customer service facilities, call center operations, in-home services, and some other assets used for operations.