DISH Network Corp (DISH) is Downgraded by Wunderlich to Sell, Price Target at $48

DISH Network Corp (DISH) was Downgraded by Wunderlich to ” Sell” and the brokerage firm has set the Price Target at $48. Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on DISH Network Corp. DISH Network Corp was Downgraded by MoffettNathanson to ” Sell” on Jun 28, 2016.

On the company’s financial health, DISH Network Corp reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.74. The company had revenue of $3840.00 million for the quarter, compared to analysts expectations of $3853.68 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

DISH Network Corp closed down -0.12 points or -0.23% at $51.97 with 16,84,279 shares getting traded on Wednesday. Post opening the session at $52.37, the shares hit an intraday low of $51.355 and an intraday high of $52.37 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 6, 2016, Paul W Orban (SVP, Chief Accounting Officer) sold 94 shares at $52.22 per share price. According to the SEC, on Jun 2, 2016, R Stanton Dodge (EVP, Gen Counsel & Sec) sold 20,000 shares at $48.79 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.

DISH Network Corp

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DISH Network Corp - Is it time to Sell?

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