Citigroup Maintains Buy Rating On DISH Network (DISH)

DISH Network Corp. DISH reported their quarterly earnings on Monday before the opening bell. The company posted earnings per share of $0.52 compared to Wall Street consensus of $0.50. Revenues came in at $3.057 billion, which was in line with consensus estimates and topped Citigroup C estimates by 2.8%. Citi analysts wrote that "operationally, DISH beat our expectations on several metrics, including net adds and churn. DISH posted net adds of 237k versus our net loss estimate of 34k. Churn of 1.40% was much better than our estimate of 1.64%." In light of DISH's quarterly results, Citi is maintaining their BUY rating on the stock with a price target of $24. During today's trading session, DISH shares have moved 0.49% higher to $21.99.