Analyst Forecasts Positive Growth For Dish Network https://ift.tt/31Y2Aee Based on its probable growing ownership of advanced 5G video and communications spectrum -- despite sinking satellite TV subscribers -- Dish Network has a optimistic growth story, according to one analyst. Richard Prentiss, media analyst at Raymond James, says this comes from a number of factors. They include whether it remains a pay TV-only operator with a “significant” 5G spectrum portfolio, or adds older 4G wireless operations, due to federal regulatory settlement deals from the T-Mobile/Sprint propose merger. Additionally, he says, gains could come from other lawsuit settlements filed by many state attorney generals against the merger. “We think it is an opportune time to buy Dish with the [T-Mobile/Sprint] merger saga hopefully wrapping up in the next six months, and the ramping of 5G network deployments by U.S. carriers needing multiple spectrum bands.” Monday morning trading of the stock rose 4% to $32.28. The stock is up 28% since the beginning of the year, but down 10% from last August's trading levels. advertisement advertisement Dish Network has seen steady declines in its satellite TV programming business. For its recent second-quarter financial report, Dish satellite subscribers were at 9.6 million, with its internet-delivery pay TV service, Sling TV at 2.4 million. Overall subscribers dropped by 259,000, with the bulk of the decline coming from its satellite business. Sling TV added just 7,000 subscribers in the period. Second-quarter revenue fell 8% to $3.19 billion from $3.46 billion. Mobile Marketing via MediaPost.com: mobile https://ift.tt/2oB2PsH August 26, 2019 at 09:39AM
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