Brean Murray Carret & Co. Maintains a 'Buy' on Dish Network (DISH); AT&T Files to Block DISH FCC Spectrum Waver
DISH Hot Sheet
Rating Summary:4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Brean Murray Carret & Co. maintains a 'Buy' on Dish Network (NASDAQ: DISH) price target of $33.00.
Brean analyst says, "AT&T (NYSE: T) files to Block DISH FCC Spectrum Waver...AT&T says it's 'critical' that there be those requirements because of the commercial value of DISH's spectrum...This is a clear indication that an AT&T acquisition of DISH is not in the cards in the immediate future (negative near-term)...This is also a clear indication that DISH does NOT intend to build out a full ground infrastructure (positive long-term)...We believe this is why DISH has been rather loudly touting its partnership for DISH in the long-term (assuming it is granting its waivers which we believe it will be) because 1) it will enhance its service profile vis-a-vis its competitors by adding a wireless delivery component at a favorable cost advantage, and 2) DISH will not need to dilute existing shareholders by seeking external funding to rollout this service."
For an analyst ratings summary and ratings history on Dish Network click here. For more ratings news on Dish Network click here.
Shares of Dish Network closed at $27.64 yesterday, with a 52 week range of $20.85-$32.57.
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Brean analyst says, "AT&T (NYSE: T) files to Block DISH FCC Spectrum Waver...AT&T says it's 'critical' that there be those requirements because of the commercial value of DISH's spectrum...This is a clear indication that an AT&T acquisition of DISH is not in the cards in the immediate future (negative near-term)...This is also a clear indication that DISH does NOT intend to build out a full ground infrastructure (positive long-term)...We believe this is why DISH has been rather loudly touting its partnership for DISH in the long-term (assuming it is granting its waivers which we believe it will be) because 1) it will enhance its service profile vis-a-vis its competitors by adding a wireless delivery component at a favorable cost advantage, and 2) DISH will not need to dilute existing shareholders by seeking external funding to rollout this service."
For an analyst ratings summary and ratings history on Dish Network click here. For more ratings news on Dish Network click here.
Shares of Dish Network closed at $27.64 yesterday, with a 52 week range of $20.85-$32.57.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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