Previous Close | 12.45 |
Open | 12.42 |
Bid | 13.04 x 800 |
Ask | 13.76 x 900 |
Day's Range | 12.35 - 13.16 |
52 Week Range | 9.53 - 24.80 |
Volume | |
Avg. Volume | 783,810 |
Market Cap | 1.094B |
Beta (5Y Monthly) | 0.62 |
PE Ratio (TTM) | 11.75 |
EPS (TTM) | 1.11 |
Earnings Date | Feb 20, 2024 - Feb 26, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 24.50 |
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(Bloomberg) -- Dish Network Corp. shares surged Thursday after the US Federal Communications Commission approved its merger with EchoStar Corp., clearing the way for the deal to close this month and ease debt worries. Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverApple’s iPhone and Watch Product Design Chief to Leave in Shake-UpStock Faithful Ride $7 Trillion Rally as Market Timing BackfiresAmericans Ru
The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire Charlie Ergen's telecom empire to tackle growing competition from larger U.S. carriers. Dish shares rose 8.5% on the approval while Echostar was up 8% in afternoon trading. Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV as well as mobile telecom services, but has faced stiff competition from bigger rivals, including AT&T and Verizon Communications.
Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, today announced its JUPITER™ 3 ultra-high-density satellite has successfully deployed its solar arrays and antennas, and the spacecraft has passed readiness testing by the manufacturer, Maxar Space Systems. Hughes is now testing the satellite communications with ground equipment, which is the final step before initiating broadband services for customers such as airlines, corporations, governments, and consumers of its popular HughesNet