The stock of DISH Network Corp (NASDAQ:DISH) is a huge mover today! About 1.07 million shares traded hands. DISH Network Corp (NASDAQ:DISH) has risen 16.23% since February 29, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.
The move comes after 7 months positive chart setup for the $25.73B company. It was reported on Oct, 3 by Barchart.com. We have $72.85 PT which if reached, will make NASDAQ:DISH worth $7.98B more.
Analysts await DISH Network Corp (NASDAQ:DISH) to report earnings on November, 14. They expect $0.68 earnings per share, up 61.90% or $0.26 from last year’s $0.42 per share. DISH’s profit will be $314.63 million for 20.44 P/E if the $0.68 EPS becomes a reality. After $0.88 actual earnings per share reported by DISH Network Corp for the previous quarter, Wall Street now forecasts -22.73% negative EPS growth.
DISH Network Corp (NASDAQ:DISH) Ratings Coverage
Out of 15 analysts covering Dish Network Corp. (NASDAQ:DISH), 7 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 47% are positive. Dish Network Corp. has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Barclays Capital on Friday, August 14. The company was upgraded on Saturday, September 5 by Zacks. The firm earned “Sell” rating on Friday, July 22 by Wunderlich. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 22. The firm earned “Neutral” rating on Monday, October 26 by Moeffett Nathanson. The firm earned “Buy” rating on Tuesday, September 8 by Vetr. Macquarie Research upgraded DISH Network Corp (NASDAQ:DISH) on Tuesday, August 9 to “Outperform” rating. The stock of DISH Network Corp (NASDAQ:DISH) earned “Equal-Weight” rating by Barclays Capital on Tuesday, February 16. The company was initiated on Thursday, October 8 by Deutsche Bank. The stock of DISH Network Corp (NASDAQ:DISH) earned “Overweight” rating by JP Morgan on Monday, October 5.
According to Zacks Investment Research, “DISH NETWORK CP offers satellite television products and services. The company operates three business units: The DISH Network – the direct broadcast satellite, subscription television service in the United States. EchoStar Technologies Corporation division, which is principally responsible for the design of digital set-top boxes, or satellite receivers, and the sale of set-top boxes to international operators. Satellite Services division provides video, audio and data services to business television customers and other satellite users.”
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.18, from 1.17 in 2016Q1. The ratio improved, as 39 funds sold all DISH Network Corp shares owned while 101 reduced positions. 54 funds bought stakes while 135 increased positions. They now own 208.11 million shares or 1.04% less from 210.30 million shares in 2016Q1.
Barclays Public Limited Company last reported 97,258 shares in the company. Schwab Charles Inv Mngmt has invested 0.02% of its portfolio in DISH Network Corp (NASDAQ:DISH). Tci Wealth has 3 shares for 0% of their US portfolio. Retirement Systems Of Alabama holds 301,100 shares or 0.09% of its portfolio. Fmr Limited Liability Corp last reported 1.84 million shares in the company. Aberdeen Asset Mgmt Public Limited Uk holds 8,853 shares or 0% of its portfolio. Babson Capital Mgmt Lc accumulated 18,100 shares or 0.02% of the stock. Wells Fargo Mn last reported 0.01% of its portfolio in the stock. Mark Sheptoff Planning Llc has 800 shares for 0.03% of their US portfolio. Moreover, Ww Asset Management Incorporated has 0.01% invested in DISH Network Corp (NASDAQ:DISH) for 6,378 shares. Pacific Glob Mgmt, a California-based fund reported 8,017 shares. Quantbot Techs Limited Partnership reported 13,514 shares or 0.08% of all its holdings. Fincl Bank Of New York Mellon last reported 1.06 million shares in the company. Raymond James Svcs Advsr reported 17,903 shares or 0.01% of all its holdings. Gamco Investors Et Al last reported 1.05% of its portfolio in the stock.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 4 insider sales for $2.74 million net activity. Dodge R Stanton sold $975,800 worth of stock or 20,000 shares. ORBAN PAUL W sold $4,909 worth of stock. On Monday, September 26 the insider VOGEL CARL E sold $1.61 million. Swieringa John had sold 3,000 shares worth $153,030.
Another recent and important DISH Network Corp (NASDAQ:DISH) news was published by Bizjournals.com which published an article titled: “Dish Network faces federal whistle-blower lawsuit” on September 23, 2016.
DISH Company Profile
DISH Network Corporation, incorporated on April 26, 1995, is a holding company. The Firm operates through two divisions: DISH and Wireless. The Firm offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded Pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite (DBS) and Fixed Satellite Service (FSS) spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations. The Sling branded Pay-TV services consist of live, linear streaming over-the-top (OTT) Internet domestic, international and Latino video programming services (Sling TV). The Firm offers receiver systems and programming through direct sales channels and through independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, retailers and telecommunications companies.
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