Analyst Tuna Amobi of S&P Capital IQ reiterates her BUY rating on the shares of DISH Network, while raising her estimates for the company. The 12-month target price is set to $28.
Analyst Tuna Amobi, in a research note published this morning mentions that with the pending approvals for $1.4 billion Terrestar and $1 billion DBSD deals, Chairman Charlie Ergen recently offered the clearest strategic signal on the potential long term spectrum deployment for mobile video. The analyst believes that DISH Network would go for a JV rather than a solo wireless build out. As the Blockbuster is in the mix increasingly, the new CEO Clayton seems keenly focused on marketing revamp, the analyst adds. The EPS estimates for 2011 and 2012 have been raised from $3.17 to $3.37 and from $2.60 to $2.66, respectively.
Read More : S&P Capital IQ Reiterates its BUY Rating on DISH Network
Analyst Tuna Amobi, in a research note published this morning mentions that with the pending approvals for $1.4 billion Terrestar and $1 billion DBSD deals, Chairman Charlie Ergen recently offered the clearest strategic signal on the potential long term spectrum deployment for mobile video. The analyst believes that DISH Network would go for a JV rather than a solo wireless build out. As the Blockbuster is in the mix increasingly, the new CEO Clayton seems keenly focused on marketing revamp, the analyst adds. The EPS estimates for 2011 and 2012 have been raised from $3.17 to $3.37 and from $2.60 to $2.66, respectively.
Read More : S&P Capital IQ Reiterates its BUY Rating on DISH Network
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