JPMorgan Chase & Co. Lowers DISH Network (NASDAQ:DISH) Price Target to $18.00

DISH Network (NASDAQ:DISH – Get Rating) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $24.00 to $18.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 57.76% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Citigroup lowered their price objective on DISH Network from $34.00 to $33.00 in a research note on Friday, November 4th. Barclays reduced their price target on shares of DISH Network from $16.00 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, February 24th. Bank of America cut shares of DISH Network from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $30.00 to $10.00 in a report on Tuesday. Morgan Stanley reduced their target price on shares of DISH Network from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday, January 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of DISH Network in a report on Tuesday, January 10th. They issued a “neutral” rating and a $14.00 price objective for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DISH Network currently has an average rating of “Hold” and an average price target of $29.93.

DISH Network Price Performance

Shares of DISH opened at $11.41 on Monday. The firm has a market capitalization of $6.06 billion, a PE ratio of 3.15 and a beta of 1.82. DISH Network has a twelve month low of $11.08 and a twelve month high of $33.74. The stock’s 50 day moving average is $14.19 and its two-hundred day moving average is $15.19. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.10.

DISH Network (NASDAQ:DISH – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $0.47 by $1.00. DISH Network had a return on equity of 13.66% and a net margin of 13.81%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the business posted $0.87 earnings per share. DISH Network’s revenue was down 9.2% compared to the same quarter last year. Research analysts anticipate that DISH Network will post 1.2 earnings per share for the current year.

Institutional Trading of DISH Network

A number of hedge funds have recently bought and sold shares of the stock. Ellevest Inc. increased its holdings in DISH Network by 63.0% in the 3rd quarter. Ellevest Inc. now owns 1,827 shares of the company’s stock valued at $25,000 after buying an additional 706 shares during the period. Sargent Bickham Lagudis LLC grew its holdings in DISH Network by 260.0% during the 4th quarter. Sargent Bickham Lagudis LLC now owns 1,800 shares of the company’s stock worth $25,000 after acquiring an additional 1,300 shares during the last quarter. Covestor Ltd increased its holdings in shares of DISH Network by 268.9% in the first quarter. Covestor Ltd now owns 889 shares of the company’s stock valued at $28,000 after purchasing an additional 648 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of DISH Network during the third quarter valued at $33,000. Finally, Whittier Trust Co. boosted its stake in shares of DISH Network by 580.7% in the 3rd quarter. Whittier Trust Co. now owns 2,471 shares of the company’s stock valued at $34,000 after purchasing an additional 2,108 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

DISH Network Company Profile

(Get Rating)

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W.