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 lower today making it today's featured Media laggard. The industry as a whole closed the day up 5.5%. By the end of trading, DISH Network fell 61 cents (-1.6%) to $36.63 on average volume. Throughout the day, 2.6 million shares of DISH Network exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $36.50-$37.28 after having opened the day at $37.20 as compared to the previous trading day's close of $37.24. Other companies within the Media industry that declined today were:
Envoy Capital Group (
ECGI), down 5.8%,
Inuvo (
INUV), down 3.4%,
Spanish Broadcasting System (
SBSA), down 3.4%, and
Focus Media (
FMCN), down 3.1%.
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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 $7.99 billion and is part of the services sector. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Wednesday. Currently there are five 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 solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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).
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