DISH Network (DISH): Auction Close Next Catalyst - Jefferies

Jefferies analyst, Mike McCormack, reiterated his Buy rating on shares of Dish Network (NASDAQ: DISH) after Sling helped mitigate the company's video challenges.

The analyst stated "Better subscriber metrics were likely influenced by continued momentum in
the Sling OTT service, despite a high profile competitive launch. Sling is also helping keep SAC in check, boosting EBITDA despite slowing ARPU growth. Wireless discussion was concentrated on 5G, and while this makes sense from a build perspective, we expect the company to continue to preserve optionality for its spectrum, including potential M&A."

No change to the price target of $80.

For an analyst ratings summary and ratings history on Dish Network click here. For more ratings news on Dish Network click here.

Shares of Dish Network closed at $62.40 yesterday.

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