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.
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.