Market Overview

Brean Capital Reiterates Buy Rating, $42 PT on DISH Network Corp. on 4Q12 Operating Results

Share:
Related DISH
Why Timing For A T-Mobile-Deutsche Telekom Deal Within 3 Months Is 'Critical'
Barclays Speculates On Who Will Benefit More From The Dish, T-Mobile Merger
5G: Revolution Not Evolution (Seeking Alpha)

In a report published Wednesday, Brean Capital reiterated its Buy rating and $42.00 price target on DISH Network Corp. (NASDAQ: DISH).

Brean Capital noted, “ We think the Street is overly bearish on satellite vis-à-vis the cable MSO, and DISH is trading at a significant discount to its peer group. We think the spectrum assets it is carrying are undervalued, even if we do not think there is a quick and easy plan for monetization, and we think that its plans to create a hybrid satellite-wireless platform have the potential to create long-term value. However, in the near-term we continue to expect somewhat lethargic operating results from the DISH Network, lower EBITDA, EPS and FCF from investment in Blockbuster and its wireless ambitions, but without real clarity as to what its plans for wireless are, who it will partner with, and what the ensuing investment requirements will be. As a result, we think the stock could languish in the near-term.”

DISH Network Corp. closed on Tuesday at $36.09.

Latest Ratings for DISH

DateFirmActionFromTo
Jun 2015CitigroupMaintainsBuy
Jun 2015Credit SuisseInitiates Coverage onNeutral
May 2015BarclaysMaintainsUnderweight

View More Analyst Ratings for DISH
View the Latest Analyst Ratings

Posted-In: Brean CapitalAnalyst Color Reiteration Analyst Ratings

 

Related Articles (DISH)

Get Benzinga's Newsletters