New York, July 19 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of DISH Network Corp (NASDAQ: DISH). The 12-month target price has been reduced from $41 to $39.
In a research note published on July 18, the analysts mention that as compared to that of the market coupled with significant wireless spectrum upside seems to be discounting, cash generation capability of the DISH Network looks significantly better, even though its core growth has been quite uninspiring ie, EBITDA CAGR is 0 percent.
In addition to this, DISH Network or its spectrum would become an area of interest for a strategic buyer and shares of the company will perform well if new marketing proves to be successful, transparency gets improved, its management commits to a long term capital return strategy and in order to use its AWS4 spectrum for terrestrial use, DISH receives approval from the FCC, the analysts add further.
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In...
