Dish Network Corp (NDAQ:DISH) Downgrade of Rating

In analysts report issued on Wednesday, 26 July, Citigroup has downgraded Dish Network Corp (NDAQ:DISH) stock to Sell. DISH’s old rating was Buy.

According to data compiled by Thomson Reuters, Dish Network Corp (NDAQ:DISH)’s stock is covered by 22 equity analysts across the Street, with 2 analysts giving it a Sell rating, 10 a Buy rating, while 14 consider it a Hold. The 12-month consensus target price for the stock is $71.64, which reflects an upside potential of 11.47% over the current price.

Institutional Ownership

Kenmare Capital Partners L.L.C. had the biggest stake with ownership of 187,264 shares as of q2 2015 for 10.08% of the portfolio. Columbus Hill Capital Management L.P. is another notably bullish active investment manager who is owning 1.43M shares of Dish Network Corp. or 8.29% of their portfolio. Further, Altalis Capital Management Llc have 7.93% of their portfolio invested in the company for 133,430 shares. The New York-based fund Tourbillon Capital Partners L.P. revealed it had bought a stake worth about 4.59% of the active investment manager’s stock portfolio in Dish Network Corp.. The New York-based fund Tricadia Capital Management Llc is also positive about the stock, possessing 4.11M shares or 4.12% of their portfolio.

Dish Network Corp (NDAQ:DISH) Profile

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).

Dish Network Corp (NDAQ:DISH) traded down -0.26% on 26 July, hitting $64.27. A total of 2.19 million shares of the company’s stock traded hands. This is up from average of 1.63 million shares. Dish Network Corp. has a 52 week low of $48.51 and a 52 week high of $66.5. The company has a market cap of $30.00 billion and a P/E ratio of 21.48.

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