NEW YORK (TheStreet) -- Dish Network (DISH) shares are down 1% to $73.91 on Thursday, a day after the company's stock rose dramatically due to an ongoing government wireless spectrum auction that may boost the value of the spectrum the company already owns as the auction bids increase.
However, the satellite television company is also involved in a contract dispute with broadcast network CBS (CBS) over the 14 television stations the company pays CBS for broadcast rights. The companies' contract is set to expire today.
Analysts at Citigroup published a note before today's opening bell saying that "based on the recent CBS ads targeting Dish customers, we believe the two parties are far from an agreement and the risks of a blackout may be higher than usual."
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TheStreet Ratings team rates DISH NETWORK CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISH NETWORK CORP (DISH) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."