Fintel reports that on August 9, 2023, Barclays upgraded their outlook for Dish Network Corp - (NASDAQ:DISH) from Underweight to Equal-Weight .
Analyst Price Forecast Suggests 89.82% Upside
As of August 2, 2023, the average one-year price target for Dish Network Corp - is 15.89. The forecasts range from a low of 5.05 to a high of $57.75. The average price target represents an increase of 89.82% from its latest reported closing price of 8.37.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dish Network Corp - is 17,001MM, an increase of 6.21%. The projected annual non-GAAP EPS is 1.49.
What is the Fund Sentiment?
There are 902 funds or institutions reporting positions in Dish Network Corp -. This is a decrease of 64 owner(s) or 6.63% in the last quarter. Average portfolio weight of all funds dedicated to DISH is 0.20%, an increase of 42.54%. Total shares owned by institutions increased in the last three months by 3.09% to 301,588K shares. 
The put/call ratio of DISH is 2.17, indicating a bearish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 39,326K shares representing 7.38% ownership of the company. In it's prior filing, the firm reported owning 39,293K shares, representing an increase of 0.09%. The firm decreased its portfolio allocation in DISH by 33.91% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 26,326K shares representing 4.94% ownership of the company. No change in the last quarter.
Invesco holds 15,711K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 13,863K shares, representing an increase of 11.76%. The firm decreased its portfolio allocation in DISH by 28.27% over the last quarter.
Eagle Capital Management holds 14,966K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 15,333K shares, representing a decrease of 2.46%. The firm decreased its portfolio allocation in DISH by 37.63% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,725K shares representing 1.45% ownership of the company. In it's prior filing, the firm reported owning 7,527K shares, representing an increase of 2.56%. The firm decreased its portfolio allocation in DISH by 37.03% over the last quarter.
Dish Network Background Information
(This description is provided by the company.)
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first cloud native, OpenRAN-based 5G broadband network.
Additional reading:
- SUPPORT AGREEMENT
- AGREEMENT AND PLAN OF MERGER by and among DISH NETWORK CORPORATION, EAGLE SUB CORP. ECHOSTAR CORPORATION Dated as of August 8, 2023 Table of Contents
- DISH Network Corporation and EchoStar Corporation to Combine Creates a Global Connectivity Leader with Premier Wireless, Satellite and Video Distribution Capabilities Expected to Generate Significant Cost and Revenue Synergies Strong Asset Base and E
- CREATING A GLOBAL CONNECTIVITY LEADER August 2023
- SUPPORT AGREEMENT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
