Wunderlich Downgrades DISH Network Corp to Sell

Brokerage firm Wunderlich Downgrades its rating on DISH Network Corp(NASDAQ:DISH). The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by Wunderlich was issued on Jul 22, 2016.

In a different note, On Jun 28, 2016, MoffettNathanson said it Downgrades its rating on DISH Network Corp. The shares have been rated ‘Sell’ by the firm.

DISH Network Corp (DISH) made into the market gainers list on Thursdays trading session with the shares advancing 2.75% or 1.43 points. Due to strong positive momentum, the stock ended at $53.47, which is also near the day’s high of $53.67. The stock began the session at $51.99 and the volume stood at 20,13,390 shares. The 52-week high of the shares is $69.82 and the 52 week low is $38.8455. The company has a current market capitalization of $24,856 M and it has 46,48,59,700 shares in outstanding.

DISH Network Corp(DISH) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.84B. Analysts had an estimated revenue of $3.86B. Earnings per share were $0.88. Analysts had estimated an EPS of $0.71.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Paul W Orban (SVP, Chief Accounting Officer) sold 94 shares at $52.22 per share price.Also, On Jun 2, 2016, R Stanton Dodge (EVP, Gen Counsel & Sec) sold 20,000 shares at $48.79 per share price.On Nov 20, 2015, Thomas A Cullen (EVP, Corporate Development) sold 80,000 shares at $63.33 per share price, according to the Form-4 filing with the securities and exchange commission.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels movie channels and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV a live linear streaming over-the-top (OTT) service including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses AWS-4 Licenses and H Block Licenses.

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