Wunderlich reissued their buy rating on shares of DISH (NASDAQ: DISH) in a research report released on Tuesday morning. Wunderlich currently has a $42.00 price target on the stock.
“Chairman Charlie Ergen seemed to play Hamlet last week at the AllThingsD conference as to whether DISH would sell its spectrum if it cannot find a network partner. He also reiterated his $3.30 offer for Clearwire (CLWR-NR), although it is difficult to see how he coerces Sprint (S-NR) into abandoning or sharing control. Our base wireless valuation on a shared development approach is $10.7B, but DISH’s litigiousness, most recently suing ESPN for $150mm over a Most Favored Nation pricing clause, is likely another impediment to partnerships given the convoluted provisions necessary for a shared network launch or a sale/wholesaling arrangement.,” Wunderlich’s analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse initiated coverage on shares of DISH in a research note to investors on Monday, February 11th. They set an outperform rating and a $43.00 price target on the stock. Separately, analysts at ISI Group reiterated a buy rating on shares of DISH in a research note to investors on Monday, January 28th. They now have a $44.00 price target on the stock, up previously from $42.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of DISH to $46.00 in a research note to investors on Monday, January 28th.
DISH traded down 2.75% on Tuesday, hitting $35.04. DISH has a 52-week low of $26.12 and a 52-week high of $38.14. The stock’s 50-day moving average is currently $37.07. The company has a market cap of $15.818 billion and a price-to-earnings ratio of 22.00.
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