Why a Few Analysts Slashed Their Price Targets on Dish Network



Analysts’ recommendations on Dish Network

Of the 23 analysts covering Dish Network (DISH), ten analysts have recommended “buys” on the stock, and nine have rated it as a “hold.” Four analysts have given it “sells.” On February 13, the media giant reported its fourth-quarter earnings results after the market bell. It posted lower-than-expected earnings but exceeded revenue estimates.

Analysts have set a target price of $45.95 and a median consensus estimate of $34.00 on DISH. The stock is now trading at a 12.6% discount to its consensus median target estimate.

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Analysts cut their price targets on soft subscriber results

Dish Network posted revenue of $3.31 billion and EPS of $0.64 in the fourth quarter compared to analysts’ expectations of $3.28 billion and $0.67 per share, respectively. Dish Network’s lower-than-expected earnings came on the back of worse-than-expected subscriber losses in the fourth quarter. The company’s ongoing carriage disputes with AT&T-owned (T) HBO and Univision also pressured its earnings results and resulted in more than half of its subscriber losses.

Owing to soft subscriber results, a few analysts have slashed their price targets on Dish Network stock. While UBS reduced its price target to $32 from $37, Cowen and Company cut its price target to $57 from $61 after Dish Network’s mixed fourth-quarter results.

Market cap

Dish Network’s market cap stands at $13.9 billion. Dish’s peers Netflix (NFLX), the Walt Disney Company (DIS), and Comcast (CMCSA) have market caps of $156.8 billion, $165 billion, and $168.7 billion, respectively, as of February 14.


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