DISH Network & DirectTV Begin as Buy at Brean Murray

DISH Network (DISH) & DirectTV (DTV) both have been initiated today with coverage from the research analysts at Brean Murray.  The firm begins both as “buy” and gives DISH a price target performance outlook of $41 dollars and provided DTV with one of $62 dollars, respectively.  Brean Murray noted that DISH is their ‘top pick’ of satellite broadcasters, noted recently acquired wireless spectrum will be a boon to the company.  Firm additionally noted in regard to DTV that the company is positioned capital appreciation through enterprise growth and equity shrinkage.

DISH is coming off a recent 52-week high of $31.94 that it hit this past Thursday.  DTV has seen substantially accelerated bullish momentum recently as well, too, with a 52-week high of $53.14 from last Friday.  DTV has been gaining share valuation consistently for three years going now.

DISH Network is slated to release their next earnings report on August 8th, 2011, and is estimated to post EPS of 76 cents.  Their competitor, DirectTV, will post earnings on August 4th, 2011, and is estimated to have EPS of 85 cents.  DISH last posted earnings on May 2nd, 2011, posted EPS of $1.22 with revenue totaling $3.220 billion.  DTV last posted earnings on May 5th, 2011, had EPS of 85 cents, and revenue of $6.319 billion.

DISH Network has market capitalization of $6,443,248,680 and 206,316,000 shares outstanding.  Competitor DirectTV has market capitalization of $40,546,725,850 and 767,785,000 shares outstanding.

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