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DISH

Dish

$30.97

0.05 (0.16%)

, ERIC

Ericsson

$8.95

0.05 (0.56%)

09:03
11/06/18
11/06
09:03
11/06/18
09:03

Dish selects Ericsson for its Narrowband Internet of Things network

DISH Network (DISH) has selected Ericsson (ERIC) to deliver a radio access and core network for DISH's Narrowband Internet of Things network slated for completion in March 2020. Ericsson leveraged its global wireless radio expertise to complete the initial radio frequency design for DISH's nationwide NB-IoT network earlier this year.

DISH

Dish

$30.97

0.05 (0.16%)

ERIC

Ericsson

$8.95

0.05 (0.56%)

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    Nov

DISH Dish
$30.97

0.05 (0.16%)

10/23/18
10/23/18
DOWNGRADE

Underperform
Dish downgraded to Underperform on mounting pressures at Macquarie
As previously reported, Macquarie downgraded Dish to Underperform from Neutral. Analyst Amy Young said the path to monetization is less compelling and questions the Dish's next steps as 2020 nears. Young said if Chairman Ergen decides to build, Dish's valuation will change, if he bluffs, spectrum dynamics could work against him. Further, the core video business is still under pressure as linear subs decline and streaming competition increases, the analyst wrote in a note to investors. Young sees further short-term downside as more spectrum enters the market and lowers his price target to $31 from $36 to reflect spectrum valuation.
10/23/18
10/23/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. eBay (EBAY) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing the disclosures by PayPal (PYPL) on its Q3 earnings call last week that its eBay Marketplaces Total Payment Volume growth decelerated to 3.4% from 5.7% in Q2 and from 8% in FY17. 2. Dish (DISH) downgraded to Underperform from Neutral at Macquarie with analyst Amy Young saying the path to monetization is less compelling and questions the Dish's next steps as 2020 nears. 3. Summit Hotel Properties (INN) and Extended Stay America (STAY) were downgraded to Neutral from Buy at BofA/Merrill. 4. Liberty Oilfield Services (LBRT) downgraded to Neutral from Buy at Citi. 5. Melco Resorts & Entertainment (MLCO) downgraded to Outperform from Buy at CLSA. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/23/18
GUGG
10/23/18
UPGRADE
Target $50
GUGG
Buy
Dish assumed with a Buy from Neutral at Guggenheim
Guggenheim analyst Mike McCormack assumed coverage of Dish Network and upgraded the shares to Buy from Neutral. The analyst upped his price target for the shares to $50 from $32.
10/23/18
10/23/18
NO CHANGE

Guggenheim assumes select Cable/Satellite names with positive outlook
Guggenheim analyst Mike McCormack assumed coverage of select Cable & Satellite Services companies with a positive outlook, saying that while each company is facing "video headwinds", they also offer shared catalysts of "the demand for broadband connectivity, increasingly faster speeds, and new wireless products". The analyst assumes Altice USA (ATUS), Charter (CHTR) and Dish (DISH) with Buy ratings and Comcast (CMCSA) with a Neutral rating, adding that its "business is in transition" with core risks around domestic and international operations. McCormack puts a $23 price target on Altice USA, $400 price target on Charter, $38 price target on Comcast, and a $50 price target on Dish, adding that the "importance of the bundle is diminishing" and the focus shifts to the scope of connectivity coverage. The analyst also expects the "younger demographic" to continue to seek out "lower cost, apps-based alternatives, with an eye towards free/cheap, but high-demand content".
ERIC Ericsson
$8.95

0.05 (0.56%)

09/19/18
FBCO
09/19/18
UPGRADE
FBCO
Neutral
Ericsson upgraded to Neutral from Underperform at Credit Suisse
09/25/18
MKMP
09/25/18
NO CHANGE
Target $7.5
MKMP
Buy
Nokia gaining 5G market share with AT&T, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $7.50 price target on Nokia (NOK), saying his checks indicate that the company has "gained significant 5G base station market share at AT&T (T) at Ericsson's (ERIC) expense". The analyst notes that while 4G/LTE market share at AT&T was 65% Ericsson and 35% Nokia, the 5G Wireless Access infrastructure market share is likely at 65% Nokia and 35% Samsung (SSNLF). Genovese sees Nokia becoming the "prime infrastructure vendor" heading into 2019 - the year of "major positive global inflection for 5G".
10/19/18
ARGS
10/19/18
UPGRADE
ARGS
Buy
Ericsson upgraded to Buy from Hold at Argus
10/19/18
ARGS
10/19/18
UPGRADE
Target $15.5
ARGS
Buy
Ericsson upgraded to Buy at Argus on 5G opportunity
As reported earlier, Argus analyst Jim Kelleher upgraded Ericsson to Buy from Hold with a price target of $15.50. The analyst cites the start of the "age of 5G wireless" leading to improving revenue trends as more carriers increase their spending on 5G infrastructure and network upgrades. Kelleher also points to the company's first organic sales growth reported in Q3 in 4 years, with its network segment also posting a double digit operating margin. The analyst contends that Ericsson has the "technology, global reach, strong base of 4G business and deep carrier relationships" to make it successful in the 5G transition.

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ETFC

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BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

18:02
02/22/19
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Earnings
Bluegreen Vacations reports Q4 EPS 27c, consensus 24c »

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SM

SM Energy

$16.88

-0.13 (-0.76%)

17:57
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AutoNation

$37.22

-1.15 (-3.00%)

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TSLA

Tesla

$294.60

3.42 (1.17%)

, NSANY

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$0.00

(0.00%)

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3.42 (1.17%)

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(0.00%)

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FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
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Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

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ENT

Global Eagle

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(0.00%)

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NOC

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

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TCCO

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INFU

InfuSystem

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KALU

Kaiser Aluminum

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ALDR

Alder Biopharmaceuticals

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RF

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HL

Hecla Mining

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BMY

Bristol-Myers

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0.84 (1.68%)

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
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TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
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Earnings
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XRX

Xerox

$31.50

0.16 (0.51%)

16:44
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