UPDATE: Redburn Starts Dish Network (DISH) at Neutral

June 25, 2021 2:53 AM EDT
Get Alerts DISH Hot Sheet
Price: $41.86 -0.83%

Rating Summary:
    12 Buy, 18 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - June 25, 2021 9:20 AM EDT)

Redburn analyst Steve Malcolm initiates coverage on Dish Network (NASDAQ: DISH) with a Neutral rating.

The analyst comments "Dish holds the keys to future US wireless sector returns. Having accumulated 113MHz of idle spectrum, it is finally embarking on its long-awaited entry into the mobile market. However, a 3x levered balance sheet and a melting pay TV ice cube are a poor starting point to fund a fourth network build. It is impossible to justify the current share price if that is chairman Charlie Ergen’s plan. We think a sale to Comcast is Dish’s best option, but given the uncertainties, this can hardly be a ‘base case.’ We explore the various options available to Dish in this chapter."

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 $41.19 yesterday.

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