DISH - DISH Network Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
37.54
-0.35 (-0.92%)
At close: 4:00PM EDT
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Previous Close37.89
Open37.82
Bid37.10 x 900
Ask0.00 x 900
Day's Range37.24 - 38.12
52 Week Range23.22 - 38.47
Volume2,351,491
Avg. Volume2,301,082
Market Cap17.613B
Beta (3Y Monthly)1.57
PE Ratio (TTM)12.73
EPS (TTM)2.95
Earnings DateAug 1, 2019 - Aug 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2012-12-12
1y Target Est47.70
Trade prices are not sourced from all markets
  • Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets - sources
    Reuters3 days ago

    Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets - sources

    The two U.S. wireless carriers have agreed to sell prepaid brand Boost Mobile to gain regulatory approval for the $26 billion merger. The U.S. Department of Justice has been in discussions with Dish, Altice USA and Charter Communications to purchase wireless assets from the merger to preserve competition in the industry, according to sources familiar with the matter. The Justice Department is expected to decide whether to approve the merger as early as next week, a source has told Reuters.

  • Reuters3 days ago

    UPDATE 1-U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week -source

    The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. Earlier this week, Dish Network Corp executives met with the Justice Department's antitrust chief Makan Delrahim and Federal Communications Commission Chairman Ajit Pai as part of the government's review of the deal, which could dramatically reshape the U.S. wireless market.

  • U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week - source
    Reuters3 days ago

    U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week - source

    The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. Earlier this week, Dish Network Corp executives met with the Justice Department's antitrust chief Makan Delrahim and Federal Communications Commission Chairman Ajit Pai as part of the government's review of the deal, which could dramatically reshape the U.S. wireless market.

  • MarketWatch3 days ago

    Dish Network discusses opposition to Sprint-T-Mobile U.S. merger, according to FCC file

    Dish Network Corp. has talked this week with the U.S. Federal Communications Commission about its opposition of the merger of Sprint Corp. and T-Mobile U.S. Inc. , according to a FCC filing. In a letter to FCC Secretary Marlene Dortch, Jeffrey Blum, senior vice president of public policy and government affairs for Dish, summarized a June 11 meeting with the FCC and certain officials of the Department of Justice's antitrust division. "During the meeting, Dish discussed its opposition to the proposed merger of Sprint and T-Mobile as currently constructed," Blum wrote. "Consistent with its filings in the above-captioned proceeding, DISH explained the need for a minimum of four nationwide mobile network operators (MNOs). DISH also discussed the impact of the proposed merger on DISH's market entry and its wireless buildout plans." The proposed merger has faced scrutiny since it wasannounced in April 2018. Dish's stock was little changed in midday trading Friday, while shares of both Sprint and T-Mobile slipped 0.2% and the S&P 500 fell 0.3%.

  • Markit4 days ago

    See what the IHS Markit Score report has to say about DISH Network Corp.

    DISH Network Corp NASDAQ/NGS:DISHView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for DISH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold DISH had net inflows of $3.02 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. DISH credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Dish Network Is Focusing on Sling TV amid Pay-TV Customer Losses
    Market Realist5 days ago

    Dish Network Is Focusing on Sling TV amid Pay-TV Customer Losses

    Satellite TV service provider Dish Network (DISH) has been seeing a decline in its overall subscriber base for the past four years.

  • Should AT&T’s DIRECTV and Dish’s TV Business Go for a Merger?
    Market Realist5 days ago

    Should AT&T’s DIRECTV and Dish’s TV Business Go for a Merger?

    Should AT&T’s DIRECTV and Dish’s TV Business Go for a Merger?The merger of satellite TV divisionsCable company Dish Network (DISH) and telecommunications giant AT&T (T) are considering merging their satellite TV businesses, according to

  • Why Are AT&T and Dish Network Facing Falling Customer Numbers?
    Market Realist5 days ago

    Why Are AT&T and Dish Network Facing Falling Customer Numbers?

    Should AT&T’s DIRECTV and Dish’s TV Business Go for a Merger?(Continued from Prior Part)Pay-TV companies are losing subscribersLately, companies such as AT&T (T), Dish Network (DISH), Comcast (CMCSA), and Charter (CHTR) have been facing

  • AT&T Stock Slides as Investors Mull Its Streaming Plans
    InvestorPlace6 days ago

    AT&T Stock Slides as Investors Mull Its Streaming Plans

    When AT&T (NYSE:T) talked up plans for a streaming version of its DirecTV satellite service a week ago, followed by news breaking of plans for a new WarnerMedia streaming service, T stock got a nice bump. That trend continued with AT&T stock hitting a new high for 2019 at Friday's close. However, it appears the second guessing has begun. After opening at $32.69 on Monday morning the AT&T stock price had dropped to $31.93 at close, shedding 1.69% of its value.Source: DirecTV Why the reversal? It could that investors have had time to think through the company's plans for DirecTV and WarnerMedia's streaming, and found them wanting. T Stock Gets a Boost From AT&T's Streaming Video PlansJune 5 and June 6 were big days for AT&T, at least when it comes to the company's plans for taking on streaming video giants like Netflix (NASDAQ:NFLX). InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy As They Hit 52-Week Lows On June 5, AT&T's CEO was at the Credit Suisse investor conference, talking up a new streaming version of DirecTV expected to launch this fall. DirectTV has been bleeding subscribers, eating into revenue and acting as a drag on AT&T stock price. AT&T thinks it has a solution, by offering the satellite TV service as a streaming product, eliminating the need to install a satellite dish. This cuts service costs for AT&T, and opens up a larger market since some areas can't get a reliable satellite connection.The next day, news broke in the Wall Street Journal that AT&T is leveraging its $85 billion purchase of Time Warner to launch a WarnerMedia streaming package this fall. According to the WSJ report, the WarnerMedia streaming service would be priced in the range of $16 to $17 per month, and may include both HBO and Cinemax.As news broke of AT&T's emerging streaming strategy, T stock began to post gains. Second Guessing BeginsNow that we've had a few days to digest AT&T's plans, questions are starting to emerge.On the DirecTV front, what does the new streaming version of the service mean for the existing DirecTV Now streaming services? They are "lighter" versions of the DirecTV satellite service that don't offer access to as many channels. And will DirecTV end up competing for customers against the new WarnerMedia streaming service? Yesterday, Bloomberg published an editorial suggesting AT&T would be better off selling DirecTV -- and soon. The argument is that rival satellite provider DISH Network Corp (NASDAQ:DISH) wants to expand to take on streamers. After the U.S. Justice Department lost its bid to block AT&T's acquisition of Time Warner, now is the time to take advantage of that openness to mergers to sell off DirecTV. AT&T could then use the proceeds to help pay down the debt of its Time Warner purchase, which would have a positive effect on T stock.There are also questions around the WarnerMedia streaming service.If the company does bundle it with HBO, the new streaming service would end up competing against its own $14.99 HBO Go streaming service -- with the addition of Time Warner movies, Cinemax and its own original content.There are also concerns about the pricing. It does include premium HBO service, but at $16 or more, the WarnerMedia streaming service may have trouble competing against Netflix, which currently starts at $8.99 monthly for non-HD service. And then there's Walt Disney Co's (NYSE:DIS) Disney+ streaming service which launches this fall at $6.99 per month.There are worries that with so many streaming services to choose from, and a cord-cutting consumer mentality (i.e., reducing cable costs), the new WarnerMedia streaming service may have difficulty in signing up subscribers. * 7 Dark Horse Stocks Winning the Race in 2019 The fact that the company is beginning to make big moves toward launching new streaming video services was a positive sign that helped boost T stock. However, once second-guessing of that strategy began in earnest on Monday, AT&T stock began to slide. On Monday that meant a 1.69% loss. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post AT&T Stock Slides as Investors Mull Its Streaming Plans appeared first on InvestorPlace.

  • 3 Big Stock Charts for Tuesday: Norfolk Southern, Synchrony Financial and Dish Network
    InvestorPlace6 days ago

    3 Big Stock Charts for Tuesday: Norfolk Southern, Synchrony Financial and Dish Network

    The bulls were roaring as the week's opening bell rang, but they weren't quite in the same bullish mood at the end of the session. What was at one point almost a 1.1% gain for the S&P 500 was pared back to a less impressive 0.47% advance, leaving the recovery effort in question.Source: Allan Ajifo via Wikimedia (Modified)Advanced Micro Devices (NASDAQ:AMD) did its part to keep the broad market propped up, gaining 2.5% on news that the next generation of Xbox gaming consoles from Microsoft (NASDAQ:MSFT) would use AMD hardware.Holding the market back was United Technologies (NYSE:UTX), off more than 3% following word that it would be acquiring Raytheon (NYSE:RTN) to make a compelling aerospace and defense name, but it will also be an organization that will inherit Raytheon's pension woes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy Under $10 None make for great trading prospects headed into Tuesday's session, however. Rather, it's the stock charts of Norfolk Southern (NYSE:NSC), Dish Network (NASDAQ:DISH) and Synchrony Financial (NYSE:SYF) that merit the closer looks. Here's why. Norfolk Southern (NSC)In late April we cautioned that Norfolk Southern shares had served up all the telltale signs that the rally had run its course. Not only had a long-term ceiling finally been bumped into, the doji-shaped bar from April 24 suggested the transition from a net-buying to a net-selling environment had been made.The progress did end up stopping there, though selling never started. While the bears growled a couple of times, NSC has been content to just move sideways in the meantime. Given some of the red flags that have started to wave within the past couple of weeks. Click to Enlarge * The chief red flag is the way selling volume has started to swell since the later part of May. * We're also nearing a bearish MACD crossunder on the weekly chart. Those tend to be good, long-lived sell signals. * While the risk of a selloff remains, as long as Norfolk Southern remains above the recently developed support around $193.80, the possibility is a moot point. Synchrony Financial (SYF)Synchrony Financial is no stranger to major moves, both up and down. There's no rhyme or reason to its rises and falls though. Rather, when the market decides to turn it around, it does so. It does so, however, with the usual clues of a turn.It just dished out a bearish round of those clues, plus some new ones to boot. One of the bigger ones took shape just yesterday, almost cementing the budding pullback into place. One more tough day could do the trick. * 10 Stocks to Buy That Could Be Takeover Targets Click to Enlarge * The first of the clues is Monday's slide back below the purple 50-day moving average line, after a failure to move back above the blue 20-day moving average. * There's also a subtle hint in the volume trend for the past few days. Although shares rallied in the middle of last week, the buying volume faded the whole time. Now back on the way down selling volume is growing again. There are more bears than bulls out there. * Zooming out to the weekly chart it's clear how close the stock is to a bearish MACD crossunder, though the same chart also shows a transition from bullish momentum to budding bearish momentum. Dish Network (DISH)Finally, it has almost certainly got more to do with the fact that AT&T (NYSE:T) is mulling the sale of its DirecTV brand to it than with any newfound bullishness about the company. But, the way Dish Network has moved of late compared to its recent history is still technically relevant, and bullish. * A couple of weeks ago, DISH popped above resistance at $35.56, plotted in blue, and as of this week, DISH shares are above a more meaningful technical ceiling around $36.90, plotted in yellow on both stock charts. * The weekly chart not only shows how big of a deal the ceiling around $36.90 is -- it's a move to a new 52-week high -- but how much room there is to recovery the bulk of what was lost in 2017 and 2018. * It's still not a clean breakout move, however. The bulk of Monday's intraday was given back, and odds are good DISH Network will be back below $36.90 sooner or later. It's the next move back above $36.90 that should get more prolonged traction.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post 3 Big Stock Charts for Tuesday: Norfolk Southern, Synchrony Financial and Dish Network appeared first on InvestorPlace.

  • Here Are 3 Reasons Why Spinning Off DirecTV Would Help AT&T Stock
    InvestorPlace6 days ago

    Here Are 3 Reasons Why Spinning Off DirecTV Would Help AT&T Stock

    The best mergers are when one company combines with another to create a business that's worth more together than apart. Although they don't often happen, rumors AT&T (NYSE:T) is considering merging its DirectTV satellite business with DISH Network (NASDAQ:DISH), its biggest satellite competitor, ought to be regarded as excellent news if you own T stock.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three reasons AT&T ought to pursue this merger to its successful conclusion. Reduce AT&T DebtAll we've read since AT&T gobbled up Time Warner is how much debt the company's taken on to digest the media giant. I've written on several occasions why the added debt hurts T stock; my most recent article near the end of May discussed the problems I see with carrying so much debt. Here's just one example, from my May 23 analysis, using Verizon (NYSE:VZ) as a comparison. "If the latter [AT&T] stock's net debt was $168.9 billion in the most recent quarter or 71% of its market cap, and the former [Verizon] stock's net debt was $111.3 billion or 45% of its market cap, the extra leverage of the latter's stock makes the former a better value on a relative basis due to its superior balance sheet."AT&T paid $67.1 billion for DirectTV in 2015, which included the assumption of $18.6 billion in debt. DirectTV came with 20 million subscribers. Today, analysts project that DirectTV and DISH combined would have 29 million subscribers with a loss of 2.8 million in 2019 alone. In 2015, to pay for part of the acquisition, AT&T issued $34 billion in debt compared to repaying $10 billion for a net addition of $24 billion. * 7 S&P 500 Dividend Stocks to Buy That Yield 4% or More By spinning off DirectTV, that debt would move on to the combined entity's books, reducing AT&T's overall debt by 14%. That's not bad for a business that's in a secular decline. Regulatory Environment is GoodIt's hard to imagine regulators would have given a DirectTV/DISH merger the green light in 2015 when AT&T bought the satellite company, but times have changed. "The video market has changed meaningfully," UBS analyst John Hodulik wrote June 7. "In 2002, "internet TV was in its infancy (YouTube founded in 2005), social media non-existent and MVPDs were enjoying robust growth."AT&T has to do something to reduce its debt. Spinning off a deteriorating asset into a combined, stronger entity would be not unlike when Sirius and XM Radio merged. Determining who would control the combined business is ultimately going to be the deal maker/breaker. If I were CEO Randall Stephenson, I would willingly give up control if it meant the combined business could be run by DISH, recognized for its far-superior customer service. AT&T Can Focus on StreamingWarnerMedia CEO John Stankey wants its yet-to-be-launched streaming service to attract 70 million subscribers, who'd pay between $15 and $18 a month for a subscription-only service that would include HBO, Cinemax, and Warner Bros. movies and TV shows. * 10 Stocks to Buy That Could Be Takeover Targets Considering HBO Now charges $14.99 and HBO Go has access to 35 million pay-TV customers, getting to 70 million shouldn't be very difficult. As my InvestorPlace colleague, Josh Enomoto recently wrote: "I'm licking my lips at where the AT&T stock price can ultimately go. Viewers are obviously not chasing the streaming platform for platform's sake. Instead, they're very much chasing the content."I might not like AT&T's level of debt, but the content it has to launch a first-rate streaming service to compete with Disney (NYSE:DIS) and Netflix (NASDAQ:NFLX) makes the acquisition of WarnerMedia slightly more palatable. By getting rid of DirecTV, it can focus on getting streaming right. Bottom Line on T StockI probably wouldn't own AT&T stock but the spinoff of DirectTV would go a long way toward changing my mind. If you own T stock, be very hopeful that negotiations get going. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Here Are 3 Reasons Why Spinning Off DirectTV Would Help AT&T Stock appeared first on InvestorPlace.

  • For DirecTV and Dish, It May Be Now or Never
    Bloomberg7 days ago

    For DirecTV and Dish, It May Be Now or Never

    It was a year ago this week that the U.S. Justice Department lost its case in trying to block AT&T’s own $102 billion acquisition of Time Warner, a monumental courtroom decision that seemed to herald a new “anything goes” dealmaking environment. It would certainly ease the path for a merger of Dish and AT&T’s DirecTV, an idea that both companies are open to exploring, people familiar with their thinking recently told Bloomberg News. DirecTV, which was acquired by AT&T in 2015, has never been able to thrive within the conglomerate, and it’s clear that AT&T well overpaid for the purchase.

  • MoneyShow7 days ago

    Telecom Talk- Dish to Sprint

    Allowing Sprint (S) and T-Mobile USA (TMUS) -- this country's third and fourth largest wireless companies -- to merge is a major policy shift. That means there will be winners and losers, explains Roger Conrad, editor of Conrad's Utility Investor.

  • AT&T open to idea of merging DirecTV satellite business with Dish, report says
    American City Business Journals10 days ago

    AT&T open to idea of merging DirecTV satellite business with Dish, report says

    Analysts at UBS had speculated on a potential tie up between AT&T;'s DirecTV and Dish earlier this week.

  • Reuters10 days ago

    UPDATE 1-Dish open to merging satellite TV business with AT&T's DirecTV - report

    Dish Network Corp is open to merging its satellite television business with AT&T Inc's pay TV service DirecTV but the two companies have no active deal talks going on, according to a Bloomberg report seen by Reuters. Shares of Dish rose as much as 6.3% after the report on Friday, while AT&T's stock edged 1.9% higher. Both Dish and DirecTV have been losing subscribers as viewers continue to shift to cheaper online streaming services such as Netflix Inc and Amazon.com Inc's Prime service.

  • Dish open to merging satellite TV business with AT&T's DirecTV - report
    Reuters10 days ago

    Dish open to merging satellite TV business with AT&T's DirecTV - report

    Shares of Dish rose as much as 6.3% after the report on Friday, while AT&T's stock edged 1.9% higher. Both Dish and DirecTV have been losing subscribers as viewers continue to shift to cheaper online streaming services such as Netflix Inc and Amazon.com Inc's Prime service. The Bloomberg report comes a day after brokerage UBS wrote a note outlining the benefits of a merger between Dish and DirecTV.

  • AT&T, Dish Are Open to Merging Satellite-TV Divisions
    Bloomberg10 days ago

    AT&T, Dish Are Open to Merging Satellite-TV Divisions

    It’s been 17 years since a proposed combination of the two satellite-TV services was deemed bad for consumers and shot down by the Federal Communications Commission and the Justice Department. DirecTV and Dish together lost almost 2.75 million subscribers in the past year. “Both companies are seeing substantial declines in customers and when that happens, you see management teams start making plans,” said John Hodulik, an analyst with UBS.

  • What Is Dish Getting in EchoStar Deal?
    Market Realist10 days ago

    What Is Dish Getting in EchoStar Deal?

    A Look at the Viacom-CBS Deal and Dish's Ray of Hope(Continued from Prior Part)Dish taking assets that EchoStar retained after the 2017 transactionDish Network (DISH) is purchasing certain operations and assets from EchoStar (SATS) for about $800

  • AT&T Stock Boost Seen From DirecTV Spin-Off, With Dish Merger Possible
    Investor's Business Daily11 days ago

    AT&T Stock Boost Seen From DirecTV Spin-Off, With Dish Merger Possible

    AT&T should spinoff its hemorrhaging DirecTV business, a move that could open the door to a merger with Dish Network, one analyst said Thursday. The move would boost AT&T stock, he says.

  • Sprint Stock Price Now Depends on Entirely on T-Mobile Merger Terms
    InvestorPlace13 days ago

    Sprint Stock Price Now Depends on Entirely on T-Mobile Merger Terms

    The pending merger of T-Mobile (NASDAQ:TMUS) and Sprint Corporation (NYSE:S) is the only big catalyst that will drive shares of the latter. The flip side is that the companies are still waiting for the approval conditions from the Justice Department. The risk for S stock is that the latest ask from the DOJ could potentially derail the deal.Source: Shutterstock On May 20, the FCC approved the merger, provided the combined firm provide expanded 5G coverage. The firm would have three years to offer coverage to 97% of the U.S. population and 99% of the population within six years.On May 29, Bloomberg reported that top department officials want the two companies to set the groundwork for a fourth carrier. If fulfilled, DOJ will approve the $26.5 billion deal. The condition doesn't make much sense. People familiar with the matter said that Altice USA Inc. will enter the wireless market. It will offer wireless service for half the monthly rate of rivals (at $20 - $30 a month) and running on Sprint's mobile network.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Monster Growth Altice may offer such a low rate because the service will rely on the customer's Wi-Fi service and the company's network of hotspots. More Competition on the WayMany national and regional cable companies, including Dish Networks Corporation (NASDAQ:DISH), are planning to offer wireless services. And to meet the FCC requirements to get the deal done, Sprint will sell Boost Mobile. Amazon (NASDAQ:AMZN) is rumored to be considering buying Boost, although this sounds unlikely. Amazon would need to raise $3 billion by selling stock and raising debt. It could offer a mobile service to the existing 8 million customers. But if Amazon favors offering its own mobile services over others, it may raise antitrust concerns. Two Dominant Players with a Third on the WayAT&T Inc. (NYSE:T) and Verizon Communications (NYSE:VZ) fell 4% and 4.36%, respectively, on May 30 when rumors circulated that Amazon would enter the wireless market. Investors could assume the e-commerce juggernaut will not enter the market and that the two telecom firms will continue to dominate the industry. In effect, the sudden drop in AT&T and Verizon stock created another entry point for income investors seeking a growing dividend. AT&T's stock has a dividend yielding 6.59% after closing yesterday at $31.09 while Verizon's stock dividend yields 4.21%. Sprint's 5G Catalyst for the Merged FirmSprint will offer 5G services to nine major cities in the United States, including Chicago, Atlanta, Kansas City, Los Angeles, New York, and Phoenix. The faster service should lift Sprint's wireless services revenue, which, at $22.5 billion, is flat from FY 2017 but down from FY 2016's $23.8 billion. Average revenue per user (ARPU) of $44.54 fell steadily in the last two years but could increase with customers signing up for 5G services. * 7 Stocks to Sell Amid an Escalating Trade War Valuation Sans Buy RatingsWith the merger pending, investors may not want to pay much attention to Wall Street's price target on Sprint stock. With no buy ratings and five holds, the average price target is $5.88, according to TipRanks. This suggests the stock has downside risk of 14.4%. Investors need only bet that the $26.5 billion deal goes through but what Sprint shareholders get depends on where T-Mobile is trading. For example, on May 21, S stock was worth $7.73. But after TMUS stock fell by more than 3% last week to $73.44, Sprint stock is worth 0.10256 x $73.44, or $7.53 a share. Your Takeaway on Sprint StockThe government could impose tougher conditions before allowing the deal to go through. This creates uncertainties for investors holding either T-Mobile or Sprint stock. Still, the companies remain attractive speculations in the near-term. For investors who prefer steady income instead, AT&T and Verizon are worth considering, too.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right * 7 Bank Stocks to Leave in the Vault * 7 Stocks for You to Profit From (Legal) Insider Trading Compare Brokers The post Sprint Stock Price Now Depends on Entirely on T-Mobile Merger Terms appeared first on InvestorPlace.

  • InvestorPlace14 days ago

    Is Sprint Stock About to Sink to $5?

    Late last month, it looked as though the merger between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) was in the bag. Then, the Department of Justice threw a wrench into the proceedings, which is terrible news for the owners of Sprint stock. Here's why. It Looked Like the Deal Would Go ThroughT-Mobile CEO John Legere got a boost of confidence on May 20 when FCC Chairman Ajit Pai gave the thumbs up to the merger between the third- and fourth-largest wireless carriers in the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Bank Stocks to Leave in the Vault Although the FCC has asked for several concessions from the two companies, including the sale of Sprint's Boost Mobile prepaid cell service, the $26 billion deal appeared to be nearing completion. Not so fast. There are many opponents to the deal who feel it will merely increase prices for American wireless customers. Included in the group opposed to the merger is FCC Commissioner Jessica Rosenworcel, who happens to be a Democrat, while the FCC Chairman is a Republican. "We've seen this kind of consolidation in airlines and with drug companies," Rosenworcel tweeted on May 20. "It hasn't worked out well for consumers. But now the @FCC wants to bless the same kind of consolidation for wireless carriers. I have serious doubts." The DoJ Wants to Maintain the Status QuoBloomberg reported on May 29 that the DoJ was looking for a way to retain the status quo of four wireless carriers while allowing the merger between Sprint and T-Mobile to go through. DOJ wants T-Mobile and Sprint to facilitate the creation of a fourth national carrier, using some of its network along with resources from external third parties such as Dish Network (NASDAQ:DISH), which has a significant amount of spectrum that it's not currently using. The problem with this solution is figuring out who would run this new fourth wireless carrier.In addition, just because Sprint and T-Mobile have made all kinds of concessions to the FCC, including not raising prices or cutting jobs for the next three years, it's highly likely that the combined company will do both those things once the three-year agreement runs out. Over the long-term, this deal isn't likely to be positive for American consumers, no matter what T-Mobile and Sprint are saying. Why the News Is Bad for Sprint StockAt the beginning of May, I recommended that owners of Sprint stock sell their shares because I thought there was no way the DoJ would approve the merger, even though the agency appeared to be on the fence at the time. Now, with the FCC looking poised to approve the deal, the DoJ would prefer not to go against another department of the government. Therefore, it's going to do everything in its power to reach a suitable compromise. However, if T-Mobile and Sprint can't figure out how to create a fourth carrier, the DoJ is likely to oppose the merger, creating a long, drawn-out legal battle. In my article published on May 3, I said this about the Sprint-T-Mobile merger:"In what world does it make sense to have three companies controlling a wireless market with 327 million people? Canada has a population of 37 million, about one-eighth of America's, and yet it has three major providers, albeit ones that charge an arm and a leg for service," I wrote. "It is sheer lunacy to allow these companies to merge because if Canada is any indication, the results that the detractors warn about -- fewer choices and higher prices -- most certainly will materialize."At this point, I can't tell you what's going to happen to the deal. What I do know is that T-Mobile's stock won't be the one plummeting if the DoJ blocks the deal. TMUS will still be in a strong third position. Meanwhile, Sprint will have to find another partner with which to roll out 5G. That's easier said than done. $5 or lower could be right around the corner for Sprint stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right * 7 Bank Stocks to Leave in the Vault * 7 Stocks for You to Profit From (Legal) Insider Trading Compare Brokers The post Is Sprint Stock About to Sink to $5? appeared first on InvestorPlace.