DISH Network Corporation (DISH) : Analyst Rating Update

DISH Network Corporation (DISH) : 12 analysts are covering DISH Network Corporation (DISH) and their average rating on the stock is 2.92, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

DISH Network Corporation (DISH) : 13 investment research analysts covering DISH Network Corporation (DISH) have an average price target of $63.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $40 for the short term. Analysts expect the variance to be within $17.16 of the average price.

DISH Network Corporation (NASDAQ:DISH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.06 and $49.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.33, notching a gain of 1.02% for the day. The total traded volume was 2,303,299 . The stock had closed at $50.81 on the previous day.

Also, MoffettNathanson downgrades its view on DISH Network Corporation (NASDAQ:DISH) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 28, 2016. The company shares have dropped -24.28% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $69.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $51.10 and the 200 Day Moving Average price is recorded at $49.14.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.