Dish (DISH) Should Merge With DIRECTV (DTV), Thinks Analyst
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Price: $5.77 --0%
Rating Summary:
10 Buy, 20 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Rating Summary:
10 Buy, 20 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
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Yesterday investors learned that Dish Networks (Nasdaq: DISH) withdrew its tender for shares of Clearwire (Nasdaq: CLWR). What's next for Dish and CEO Charlie Ergen?
In the view of Craig Moffett, of Moffet Research, Dish could seek a deal with DIRECTV (Nasdaq: DTV). In his view, merger synergies would be "staggering" and represent $30 to $40 billion in net present value. Moffett thinks there is a higher likelihood a merger would be approved than when the two tried to merge in 2002.
This morning Moffett Research upgraded both companies to Buy. Dish was given a price target of $47 (from $39) and DIRECTV was given a price target of $68 (from $66).
For an analyst ratings summary and ratings history on Dish Network (Nasdaq: DISH) click here. For more ratings news on Dish Network click here.
Shares of Dish Network closed at $40.20 yesterday.
In the view of Craig Moffett, of Moffet Research, Dish could seek a deal with DIRECTV (Nasdaq: DTV). In his view, merger synergies would be "staggering" and represent $30 to $40 billion in net present value. Moffett thinks there is a higher likelihood a merger would be approved than when the two tried to merge in 2002.
This morning Moffett Research upgraded both companies to Buy. Dish was given a price target of $47 (from $39) and DIRECTV was given a price target of $68 (from $66).
For an analyst ratings summary and ratings history on Dish Network (Nasdaq: DISH) click here. For more ratings news on Dish Network click here.
Shares of Dish Network closed at $40.20 yesterday.
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