DISH Network Corp (DISH): Today's Featured Media Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

DISH Network ( DISH) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.7%. By the end of trading, DISH Network rose $1.42 (4.4%) to $33.70 on heavy volume. Throughout the day, 3.8 million shares of DISH Network exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $32.90-$34.16 after having opened the day at $33.03 as compared to the previous trading day's close of $32.28. Other companies within the Media industry that increased today were: ChinaNet Online Holdings ( CNET), up 22.7%, Digital Cinema Destinations ( DCIN), up 16.7%, New Frontier Media ( NOOF), up 9.8%, and LIN TV Corporation ( TVL), up 7%.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

DISH Network Corporation, together with its subsidiaries, provides direct broadcast satellite subscription television services in the United States. DISH Network has a market cap of $6.82 billion and is part of the services sector. The company has a P/E ratio of 11.9, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 13.3% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate DISH Network a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates DISH Network as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, LodgeNet Interactive Corporation ( LNET), down 14.4%, KIT Digital ( KITD), down 10.2%, NTN Buzztime ( NTN), down 10%, and Marcus Corporation ( MCS), down 3.7%, were all laggards within the media industry with Walt Disney ( DIS) being today's media industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

Cord Cutters Aren't Just Leaving Pay-TV Because of Price

T-Mobile-Sprint Merger's First Big Challenge: Who Will Control It?

Disney Gets Bullish Report Aimed at Drowning Out Naysayers

Market Signals Change of Direction: Cramer's 'Mad Money' Recap (Monday 9/18/17)

U.S. Concrete, Alder Biopharmaceuticals: 'Mad Money' Lightning Round