DISH (NASDAQ: DISH)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Tuesday. They currently have a $36.00 price target on the stock.
Zacks‘ analyst wrote, “DISH Network reported mixed financial results for the fourth quarter of 2012. Although net income fell below the Zacks Consensus Estimate, revenue topped the same. Better overall pay-TV service, dishNET satellite broadband service and growing customer loyalty helped the company to improve its top line. DISH Network is continuously improving its technically superior hardware, the latest of which is a HD DVR set. This new device will enable subscribers to automatically skip advertisements for prime time TV programs. The FCC has allowed DISH Network to deploy a nationwide wireless network with some restrictive conditions. The company is trying to become a unique bundled service provider of wireless voice and data together with a state-of-the-art video distribution network. However, management is yet to take the final decision regarding its wireless venture. We reiterate our Neutral recommendation on DISH Network. “
A number of other analysts have also recently weighed in on DISH. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of DISH in a research note to investors on Monday, February 25th. They now have a $38.00 price target on the stock. Separately, analysts at Nomura raised their price target on shares of DISH from $27.00 to $31.00 in a research note to investors on Thursday, February 21st. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase raised their price target on shares of DISH from $36.00 to $39.00 in a research note to investors on Thursday, February 21st. They now have a “neutral” rating on the stock.
Nine analysts have rated the stock with a buy rating, two have assigned an overweight rating, eight have given a hold rating, one has issued an underweight rating, and one has given a sell rating to the company. DISH has a consensus rating of “overweight” and an average price target of $39.39.
DISH traded up 0.17% on Tuesday, hitting $34.65. DISH has a 52-week low of $26.12 and a 52-week high of $38.14. The stock’s 50-day moving average is currently $36.66. The company has a market cap of $15.695 billion and a price-to-earnings ratio of 24.53.
DISH last issued its quarterly earnings data on Wednesday, February 20th. The company reported $0.46 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.05. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that DISH will post $2.29 EPS for the current fiscal year.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13.967 million customers across the United States as of December 31, 2011.
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