NEW YORK (TheStreet) -- DISH Network (DISH) had its price target raised to $100 from $70 on shares by analysts at Jefferies this morning, who said the market is "overly discounting" the value of the company's spectrum.
The investment firm maintained its "buy" rating on the stock, and said that it expects the pay-television provider's spectrum value to gradually increase towards auction levels.Shares of DISH Network closed yesterday at $69.72.
Englewood, CO-based DISH Network is a cable service provider, with approximately 13.967 million customers across the U.S. offering a range of local and national programming with national and local high definition channels.
Separately, 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 multiple 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: