DISH Stock Upgraded Ahead of Tomorrow’s Earning Release

NEW YORK (TheStreet) -- Shares of DISH Network Corp. (DISH)  are rising 4.45% to $46.12 in early afternoon trading on Wednesday after the pay TV provider's stock rating was increased to "hold" from "sell" at Wunderlich Securities, Barron's reports.

The Englewood, CO-based company's stock is undervalued given the worth of the DISH's spectrum holdings, Wunderlich analysts said in a note.

"Even using a harsh core biz valuation, we think that DISH's spectrum is implicitly trading below 75 cents per MHz-Pop or less than $18 billion," analysts added, Barron's noted. 

The upgrade comes just before the company's 2015 fourth quarter financial report, due out Thursday before the market open.

Analysts have estimated earnings of 12 cents per share, down from earnings of 88 cents per share for the 2014 fourth quarter.

Revenue is expected to increase 1.6% year-over-year to $3.74 billion for the latest quarter, compared with $3.68 billion for the same period in 2014.

Separately, DISH has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's strengths, such as compelling growth in net income, revenue growth and good cash flow from operations, and its weaknesses, including disappointing stock performance and generally higher debt management risk.

You can view the full analysis from the report here: DISH

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.  

DISH Chart DISH data by YCharts

More from Markets

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker