Market Overview

UPDATE: Dish Shares Flat Despite Raymond James Upgrade

Share:

Shares of Dish (NASDAQ: DISH) are flat Friday despite a Raymond James upgrade. The firm’s Frank Louthan responded to Dish’s disappointing earnings Thursday morning, which subsequently sent shares down 4.02 percent.

The analyst upgraded shares of DISH from Underperform to Market Perform.

One of the key reasons for the upgrade, according to Louthan, is the company’s performance versus competitors. Specifically, analysts thought Directv would steal Dish’s market share. In addition, Louthan believes Dish may be a takeover target for AT&T; the deal would provide AT&T with bandwidth and additional wireless spectrum.

Louthan did not put a price target on Dish, but he thinks Dish should trade at a discount to pay TV companies; these companies are trading at 12.5 times expected free cash flow and six times EBITDA (the two metrics cited in the report).

After dropping at the beginning of the session, shares of Dish are currently flat at $60.14.

Latest Ratings for DISH

DateFirmActionFromTo
Nov 2019MaintainsNeutral
Oct 2019Initiates Coverage OnUnderperform
Oct 2019MaintainsBuy

View More Analyst Ratings for DISH
View the Latest Analyst Ratings

Posted-In: Frank Louthan Raymond JamesAnalyst Color Upgrades Analyst Ratings

 

Related Articles (DISH)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
EGIEYGoldman SachsInitiates Coverage On
EQUEYGoldman SachsInitiates Coverage On
CIGGoldman SachsInitiates Coverage On
GLYCRoth CapitalInitiates Coverage On12.0
VZHSBCDowngrades65.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UBS Raises PT On Costco, Notes 'Why It's Not Time To Buy'

Week In FX Americas – Loonie Rides Its Last Good Wave?