Dish Network Stock Gains on Deutsche Bank's Buy Rating

Strategic Insights -

Dish Network Corp.'s (DISH) stock is experiencing a boost of 2.46% in mid-morning trading on Thursday, following an initiative by Deutsche Bank with a "buy" rating and a $92 price target. This surge can be attributed to the company's acquisition of several bids at the AWS-3 spectrum auction, significantly increasing its wireless spectrum portfolio. As a result, Dish now possesses about 12% of the total U.S. wireless spectrum and 21% of the total mid-band capacity, making it an attractive asset for wireless companies such as Verizon (VZ), T-Mobile (TMUS), and AT&T (T).

Key Takeaways:

  • Dish Network Corp. has been initiated with a "buy" rating and a $92 price target by Deutsche Bank, leading to a 2.46% gain in its stock price.
  • The company has acquired approximately 12% of the total U.S. wireless spectrum and 21% of the total mid-band capacity through the AWS-3 spectrum auction.
  • Dish's wireless spectrum portfolio has the potential to be sold or leased to wireless companies like Verizon (VZ), T-Mobile (TMUS), and AT&T (T).
  • The company's cable business faces challenges from rising programming costs and competition from online streaming services.
  • TheStreet Ratings Team rates DISH NETWORK CORP as a Hold with a ratings score of C.
  • Dish's traditional cable business is facing declining revenue growth and increasing competition from new entrants.

Statistics:

  • Dish Network Corp.'s stock price has gained 2.46% in mid-morning trading on Thursday.
  • The company has acquired approximately 12% of the total U.S. wireless spectrum.
  • Dish's wireless spectrum portfolio accounts for 21% of the total mid-band capacity.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Media industry, rising by 52.1%.
  • The gross profit margin for DISH NETWORK CORP is currently 34.53%.

Sources:

  • Deutsche Bank analyst note
  • TheStreet Ratings team report on DISH NETWORK CORP
  • TheStreet (http://www.thestreet.com) article on Dish Network Corp.