Price Target Update on DISH Network Corporation (NASDAQ:DISH)

DISH Network Corporation (NASDAQ:DISH) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $92 and the lowest price target forecast is $46. The average forecast of all the analysts is $64.69 and the expected standard deviation is $15.73.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Credit Suisse maintains its ratings on DISH Network Corporation (NASDAQ:DISH). In the latest research report, Credit Suisse lowers the target price from $65 per share to $53 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on March 3, 2016.

DISH Network Corporation (NASDAQ:DISH): stock turned positive on Thursday. Though the stock opened at $53.33, the bulls momentum made the stock top out at $53.93 level for the day. The stock recorded a low of $52.795 and closed the trading day at $53.5, in the green by 1.61%. The total traded volume for the day was 3,144,361. The stock had closed at $52.65 in the previous days trading.

The company shares have dropped -24.42% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $70.48 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $49.76 and the 200 Day Moving Average price is recorded at $49.73. On the companys insider trading activities, Dodge R Stanton, officer (EVP, Gen Counsel & Sec) of Dish Network Corp, unloaded 20,000 shares at an average price of $48.79 on May 31, 2016. The total amount of the transaction was worth $975,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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