DISH Network (DISH) Bond Prices Fall 2%

An issue of DISH Network Corp (NASDAQ:DISH) debt fell 2% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 7.75% coupon and is set to mature on July 1, 2026. The debt is now trading at $99.75 and was trading at $99.88 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

Several research analysts have recently issued reports on DISH shares. Zacks Investment Research lowered DISH Network from a “buy” rating to a “hold” rating in a research report on Friday. Pivotal Research reissued a “buy” rating and issued a $65.00 target price (down previously from $67.00) on shares of DISH Network in a research report on Thursday. UBS Group decreased their target price on DISH Network from $68.00 to $56.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and issued a $60.00 target price on shares of DISH Network in a research report on Friday, November 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $54.00 price objective (down previously from $56.00) on shares of DISH Network in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.13.

Shares of DISH Network Corp (DISH) traded up $0.69 during trading on Friday, reaching $43.87. 3,160,000 shares of the company were exchanged, compared to its average volume of 2,552,601. The stock has a market cap of $20,460.00, a price-to-earnings ratio of 24.51, a PEG ratio of 1.88 and a beta of 1.04. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.63 and a quick ratio of 0.57. DISH Network Corp has a 1 year low of $42.28 and a 1 year high of $66.50.

DISH Network (NASDAQ:DISH) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.52 billion. DISH Network had a net margin of 14.59% and a return on equity of 24.29%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. equities analysts anticipate that DISH Network Corp will post 2.22 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Ray Gerald L & Associates Ltd. lifted its position in shares of DISH Network by 113.6% during the 3rd quarter. Ray Gerald L & Associates Ltd. now owns 12,600 shares of the company’s stock worth $683,000 after purchasing an additional 6,700 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in DISH Network by 33.9% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company’s stock worth $308,000 after acquiring an additional 1,439 shares in the last quarter. State of Alaska Department of Revenue raised its stake in DISH Network by 151.5% during the 4th quarter. State of Alaska Department of Revenue now owns 37,172 shares of the company’s stock worth $1,773,000 after acquiring an additional 22,390 shares in the last quarter. California Public Employees Retirement System raised its stake in DISH Network by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 422,673 shares of the company’s stock worth $22,922,000 after acquiring an additional 11,173 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in DISH Network by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 199,017 shares of the company’s stock worth $10,793,000 after acquiring an additional 2,599 shares in the last quarter. 49.22% of the stock is owned by institutional investors.

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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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