Citi analyst Jason Bazinet opened a "Catalyst Watch" on Dish (DISH) saying the company may reach some type of agreement with Sprint (S) and T-Mobile (TMUS) to help facilitate the two firms' merger. This development, if it happens, is apt to be a positive for Dish shares for three reasons, Bazinet tells investors in a research note. Such a deal would reduce the likelihood that the Federal Communications Commission repossesses Dish's spectrum, would reduce the company's liquidity risk, and "may lay the groundwork" for Dish to ultimately transition from a holder of spectrum to a true operating business, the analyst contends. He keeps a Buy rating on Dish shares.
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