UBS Maintains a 'Neutral' on Dish Network (DISH); Less Like Netflix, More Like Xfinity + Qwikster
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Price: $5.77 --0%
Rating Summary:
10 Buy, 20 Hold, 5 Sell
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Today's Overall Ratings:
Up: 11 | Down: 14 | New: 50
Rating Summary:
10 Buy, 20 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 50
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UBS maintains a 'Neutral' on Dish Network (NASDAQ: DISH) price target lowered from $33 to $29.
UBS analyst says, "DISH Network unveiled Blockbuster Movie Pass, a streaming-video and DVDs-by-mail service. It will be available 10/1 to DISH pay TV customers for $10-20/mo, depending on the number of DVDs out at one time, vs. $15.98/mo for streaming plus one DVD from Netflix (Nasdaq: NFLX). Some DISH plans will include Movie Pass for free. Customers will get one bill and will not pay extra for Blu-Ray discs. The service is not available to non-DISH customers."
"The announcement comes five months after DISH acquired Blockbuster out of bankruptcy for $226M. We expect it will have limited impact on subscriber growth in 4Q. We also expect higher marketing expenses during the product’s initial roll-out, which could hurt margins."
For more ratings news on Dish Network click here and for the rating history of Dish Network click here.
Shares of Dish Network closed at $26.76 yesterday.
UBS analyst says, "DISH Network unveiled Blockbuster Movie Pass, a streaming-video and DVDs-by-mail service. It will be available 10/1 to DISH pay TV customers for $10-20/mo, depending on the number of DVDs out at one time, vs. $15.98/mo for streaming plus one DVD from Netflix (Nasdaq: NFLX). Some DISH plans will include Movie Pass for free. Customers will get one bill and will not pay extra for Blu-Ray discs. The service is not available to non-DISH customers."
"The announcement comes five months after DISH acquired Blockbuster out of bankruptcy for $226M. We expect it will have limited impact on subscriber growth in 4Q. We also expect higher marketing expenses during the product’s initial roll-out, which could hurt margins."
For more ratings news on Dish Network click here and for the rating history of Dish Network click here.
Shares of Dish Network closed at $26.76 yesterday.
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