DISH Network Corporation (NASDAQ:DISH) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $46.49 –$51.70 in the past one-month time frame, witnessed a sharp increase yesterday.
The company’s shares rose amid speculation that T-Mobile might be interested in pursuing DISH Network's spectrum portfolio.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
DISH Network currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Cable Television industry is Rogers Communication, Inc. (NYSE:RCI) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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DISH Network Corporation (DISH): Free Stock Analysis Report
Rogers Communication, Inc. (RCI): Free Stock Analysis Report
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