Analyst Says AT&T (T) Might Be 'Forced' to Bid for Dish (DISH) After Failed T-Mobile USA Deal
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Price: $25.15 +0.12%
Rating Summary:
25 Buy, 27 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
25 Buy, 27 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Stifel Nicolaus' Christopher King issued a research note Tuesday morning suggesting AT&T (NYSE: T) could be possibly “forced” to purchase Dish Networks (Nasdaq: DISH) following the termination of the T-Mobile USA merger. If AT&T does make an offer on Dish, King believes it would be "sooner rather than later."
The analyst also said an AT&T bid for EchoStar (Nasdaq: SATS) spectrum could be on the table.
Dish chief executive officer Joseph Clayton recently hinted at a Dish bid for T-Mobile USA if the AT&T deal went south. Click here to read the full article.
Shares of Dish are up more than 8 percent Tuesday afternoon. The stock last traded at $27.19.
The analyst also said an AT&T bid for EchoStar (Nasdaq: SATS) spectrum could be on the table.
Dish chief executive officer Joseph Clayton recently hinted at a Dish bid for T-Mobile USA if the AT&T deal went south. Click here to read the full article.
Shares of Dish are up more than 8 percent Tuesday afternoon. The stock last traded at $27.19.
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