DISH Network (DISH) Debt Trading 0.5% Lower

An issue of DISH Network Corp (NASDAQ:DISH) bonds fell 0.5% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 5.875% coupon and is set to mature on November 15, 2024. The bonds in the issue are now trading at $97.25 and were trading at $97.25 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

DISH has been the topic of a number of research reports. Wells Fargo & Co reissued an “outperform” rating and set a $88.50 target price on shares of DISH Network in a report on Thursday, August 31st. Morgan Stanley reissued a “buy” rating and set a $75.00 target price on shares of DISH Network in a report on Tuesday, October 17th. Zacks Investment Research raised shares of DISH Network from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Pivotal Research raised shares of DISH Network from a “hold” rating to a “buy” rating and reduced their price objective for the company from $68.00 to $65.00 in a research note on Monday, November 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 price objective (down from $56.00) on shares of DISH Network in a research note on Wednesday, November 22nd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $63.92.

Shares of DISH Network Corp (NASDAQ DISH) traded down $0.10 during trading hours on Friday, reaching $47.75. The company had a trading volume of 1,240,000 shares, compared to its average volume of 2,060,000. The company has a market capitalization of $22,270.00, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. DISH Network Corp has a 1 year low of $46.07 and a 1 year high of $66.50. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.57 and a current ratio of 0.63.

DISH Network (NASDAQ:DISH) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.60 billion. DISH Network had a return on equity of 25.97% and a net margin of 7.22%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. equities analysts predict that DISH Network Corp will post 1.98 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DISH. Vanguard Group Inc. increased its stake in DISH Network by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,678,892 shares of the company’s stock valued at $921,246,000 after acquiring an additional 409,704 shares during the period. BlackRock Inc. grew its stake in shares of DISH Network by 1.9% during the second quarter. BlackRock Inc. now owns 13,685,941 shares of the company’s stock valued at $858,929,000 after purchasing an additional 259,139 shares during the last quarter. FMR LLC grew its stake in shares of DISH Network by 22.7% during the second quarter. FMR LLC now owns 4,498,307 shares of the company’s stock valued at $282,314,000 after purchasing an additional 831,768 shares during the last quarter. Paulson & CO. Inc. grew its stake in shares of DISH Network by 15.9% during the second quarter. Paulson & CO. Inc. now owns 3,998,800 shares of the company’s stock valued at $250,965,000 after purchasing an additional 548,700 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of DISH Network by 0.9% during the third quarter. Gamco Investors INC. ET AL now owns 2,830,465 shares of the company’s stock valued at $153,496,000 after purchasing an additional 25,695 shares during the last quarter. 48.54% of the stock is owned by institutional investors and hedge funds.

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About DISH Network

DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It 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 and Fixed Satellite Service 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.

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