Dish Network Corp. DISH was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the announcement that the satellite provider’s Sling TV has decided to expand its partnership with India's Zee Entertainment. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $44.09 to $50.73 in the past one-month time frame.
In the last 30 days, the company has seen one positive estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Dish Network has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Cable TV industry is Cable ONE, Inc. CABO, sporting a Zacks Rank #1 (Strong Buy).
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