In a report issued on May 8, Amy Yong from Macquarie maintained a Hold rating on Dish Network (NASDAQ: DISH), with a price target of $35. The company’s shares closed yesterday at $31.12, close to its 52-week low of $28.93.
According to TipRanks.com, Yong is a 3-star analyst with an average return of 3.8% and a 48.0% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Live Nation Entertainment.
Currently, the analyst consensus on Dish Network is Moderate Buy and the average price target is $56.40, representing an 81.2% upside.
In a report issued on April 23, Morgan Stanley also maintained a Hold rating on the stock with a $45 price target.
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Dish Network’s market cap is currently $14.53B and has a P/E ratio of 7.78. The company has a Price to Book ratio of 1.98.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2018, Tom Ortolf, a Director at DISH sold 5,000 shares for a total of $222,550.
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DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Broadband, and Wireless segments. The Pay-TV and Broadband segment is offered under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets.
