DISH Network Corp (DISH) is Upgraded by Macquarie to Outperform

DISH Network Corp (DISH) was Upgraded by Macquarie to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Aug 9, 2016.

Many Wall Street Analysts have commented on DISH Network Corp. Shares were Reiterated by Telsey Advisory Group on Jul 25, 2016 to “Market Perform” and Lowered the Price Target to $ 62 from a previous price target of $69 .Wunderlich Downgraded DISH Network Corp on Jul 22, 2016 to ” Sell”, Price Target of the shares are set at $48.Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .

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 -0.13 points or -0.25% at $51.29 with 20,04,772 shares getting traded on Monday. Post opening the session at $51.57, the shares hit an intraday low of $51.16 and an intraday high of $52.03 and the price fluctuated in this range throughout the day.Shares ended Monday 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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