Dish Network Has Risen 56.2% in 2019

Dish Network (DISH) stock has risen close to 8.0% since the beginning of June. On June 17, Dish Network closed at $38.99, which was 3.9% higher than its previous closing price, 1.2% lower than its 52-week high of $39.45, and 67.9% higher than its 52-week low of $23.22. The company’s market cap is $18.3 billion.

Based on Dish Network’s closing price on June 17, the company has reported returns of 4.4% in the last five trading days, 10.4% in the trailing one-month period, and 12.7% in the trailing 12-month period. The company has reported returns of 56.2% since the beginning of 2019.

On June 17, Dish Network was trading at a 12-month forward PE ratio of 17.52x. Charter Communications (CHTR) and Comcast (CMCSA) had 12-month forward PE ratios of 38.44x and 13.57x, respectively.

Among the 22 analysts tracking Dish Network, nine recommended a “buy,” 11 recommended a “hold,” and two recommended a “sell.” The analysts have an average target price of $47.70, which indicates that the stock has an upside potential of 22.3% from the current levels of $38.99.

About 20 of the 30 analysts tracking Charter Communications have recommended a “buy.” For Comcast, 26 of the 33 analysts tracking the company recommended a “buy.”