Brean Murray Carret & Co. Maintains a 'Buy' on Dish Network (DISH); Raising $1.9 Billion in Debt
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Price: $39.56 +2.22%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade DISH Now!
Brean Murray Carret & Co. maintains a 'Buy' on Dish Network (NASDAQ: DISH) price target of $37.00.
Analyst, Todd Mitchell, said, "Last week, DISH reported solid 1Q12 results that were underpinned by a return to positive sub growth with the addition of 104,000 new subs in the quarter. On the company’s earnings conference call, DISH spoke optimistically about the prospects for receiving a waiver request from the FCC on the DBSD and Terrestar spectrum by late-summer/early-fall and reiterated its preference for developing a wireless service in partnership with one of the existing wireless providers rather than building a network on its own, or selling the company, or its wireless assets, to an existing player in the wireless space. The company also raised $1.9 billion in debt, and is reportedly involved in the Lightsquare bankruptcy negotiations as a senior creditor."
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 $30.83 yesterday, with a 52 week range of $20.89-$35.64.
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Analyst, Todd Mitchell, said, "Last week, DISH reported solid 1Q12 results that were underpinned by a return to positive sub growth with the addition of 104,000 new subs in the quarter. On the company’s earnings conference call, DISH spoke optimistically about the prospects for receiving a waiver request from the FCC on the DBSD and Terrestar spectrum by late-summer/early-fall and reiterated its preference for developing a wireless service in partnership with one of the existing wireless providers rather than building a network on its own, or selling the company, or its wireless assets, to an existing player in the wireless space. The company also raised $1.9 billion in debt, and is reportedly involved in the Lightsquare bankruptcy negotiations as a senior creditor."
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 $30.83 yesterday, with a 52 week range of $20.89-$35.64.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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Brean Murray Carret & Co., Bankruptcy, Earnings
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