Citi Has Buy On DISH Network

Citi Investment Research is out with a research report on DISH Network Corp DISH and it has a Buy rating and a $35 price target on shares. In a note to clients, Citi Investment Research writes, "Dish reported revenue of $3.59 billion, up 13.3% versus last year. However, excluding Blockbuster revenue of $253.9 million, revenue grew 5.3% to $3.3 billion, 0.9% below our $3.37 billion estimate (which excluded Blockbuster). Adjusted EBITDA of $979 million beat our estimate of $907 million by 7.9% due to lower subscriber advertising and promotion subsidies." Shares of DISH lost 92 cents yesterday to close at $21.66, a loss of 4.07%.