Broadcasting Stock Gets Boost After UBS Dishes Out Bull Note

UBS called the stock "undervalued"

Digital Content Manager
Mar 8, 2022 at 9:48 AM
facebook X logo linkedin

Broadcasting concern DISH Network Corp (NASDAQ:DISH) is up 4.9% at $30.91 this morning, following an upgrade from UBS to "buy" from "neutral." The analyst called DISH "undervalued," noting its next-generation, cloud-based 5G network has some good long-term growth potential. The firm in question maintains a price target of $44. 

UBS joins a bullish brokerage bunch. Heading into today, seven called DISH a "strong buy," compared to three "hold" ratings. Plus, the 12-month consensus price target of $45.60 is a 54.7% premium to last night's close. 

Short interest has also been on the rise, however, up 6% in the most recent reporting period. The 25.18 million shares sold short make up a hefty 10.1% of the stock's available float, and would take over eight days to cover, at its average daily pace of trading. 

The stock has lost roughly 9% this year, with a notable bounce off its Feb. 24 annual low of $25.84 rejected by the 80-day moving average. This trendline also acted as a ceiling during a mid-January breakout on the chart. On the flip side, DISH seems to have found a floor near the $28 level, which has captured several pullback since December 2020. 




Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI