DISH Network (DISH): Auction Close Next Catalyst - Jefferies
Get Alerts DISH Hot Sheet
Rating Summary:
10 Buy, 20 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Jefferies analyst, Mike McCormack, reiterated his Buy rating on shares of Dish Network (NASDAQ: DISH) after Sling helped mitigate the company's video challenges.
The analyst stated "Better subscriber metrics were likely influenced by continued momentum in
the Sling OTT service, despite a high profile competitive launch. Sling is also helping keep SAC in check, boosting EBITDA despite slowing ARPU growth. Wireless discussion was concentrated on 5G, and while this makes sense from a build perspective, we expect the company to continue to preserve optionality for its spectrum, including potential M&A."
No change to the price target of $80.
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 $62.40 yesterday.
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