Dish Analyst Downgrades Stock After Broad Denials Of Amazon Prime Wireless Deal
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan downgraded DISH Network Corp (NASDAQ:DISH) from Buy to Hold due to skepticism over a potential Amazon Prime Wireless deal. Dish's lack of national reach and QoS make it less appealing for Amazon. Dish remains important to Samsung Electronics (OTC:SSNLF) for its US wireless infrastructure ambitions.
June 06, 2023 | 4:51 pm
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DISH Network Corp downgraded from Buy to Hold by Benchmark analyst Matthew Harrigan due to skepticism over a potential Amazon Prime Wireless deal.
The downgrade from Buy to Hold is a direct result of the skepticism surrounding the potential Amazon Prime Wireless deal. This news could negatively impact DISH's stock price in the short term as it indicates a lack of confidence in the company's ability to secure a partnership with Amazon.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon is unlikely to partner with DISH Network Corp for a Prime Wireless deal due to Dish's lack of national reach and QoS.
While the news does mention Amazon, the focus is primarily on DISH and its inability to secure a partnership with Amazon. The impact on Amazon's stock price is likely to be neutral as the company has many other revenue streams and partnerships.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Dish remains important to Samsung Electronics (OTC:SSNLF) for its US wireless infrastructure ambitions, especially for O-RAN.
The news highlights the importance of Dish to Samsung Electronics for its US wireless infrastructure ambitions. However, the impact on Samsung's stock price is likely to be neutral as the company has a diverse portfolio and the news does not indicate any significant changes in their relationship.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
DISH Network Corp maintains it can back out of its $3.5 billion purchase of Sprint Spectrum from T-Mobile US, Inc (NASDAQ:TMUS) with only $72 million in payments.
The news mentions T-Mobile in relation to DISH's ability to back out of the Sprint Spectrum purchase. However, the focus is primarily on DISH and its liquidity concerns. The impact on T-Mobile's stock price is likely to be neutral as the news does not indicate any significant changes in their relationship or business dealings.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 40