DISH Network Corp (DISH) was Downgraded by MoffettNathanson to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. MoffettNathanson advised their investors in a research report released on Jun 28, 2016.
Many Wall Street Analysts have commented on DISH Network Corp. Shares were Reiterated by Telsey Advisory Group on Apr 21, 2016 to “Market Perform” and Lowered the Price Target to $ 69 from a previous price target of $74 .Company shares were Reiterated by FBR Capital on Apr 21, 2016 to “Underperform”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Shares were Reiterated by RBC Capital Mkts on Apr 21, 2016 to “Sector Perform” and Lowered the Price Target to $ 50 from a previous price target of $61 .
On the company’s financial health, DISH Network Corp reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.57. The company had revenue of $3790.00 million for the quarter, compared to analysts expectations of $3795.00 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.
DISH Network Corp closed down -0.99 points or -1.96% at $49.6 with 30,66,125 shares getting traded on Monday. Post opening the session at $50.39, the shares hit an intraday low of $49.04 and an intraday high of $50.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 2, 2016, R Stanton Dodge (EVP, Gen Counsel & Sec) sold 20,000 shares at $48.79 per share price. According to the SEC, on Jan 5, 2016, Paul W Orban (SVP, Chief Accounting Officer) sold 116 shares at $56.11 per share price. On Nov 20, 2015, Thomas A Cullen (EVP, Corporate Development) sold 80,000 shares at $63.33 per share price, according to the Form-4 filing with the securities and exchange commission.
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels movie channels and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV a live linear streaming over-the-top (OTT) service including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses AWS-4 Licenses and H Block Licenses.