Dish Network Spectrum Sale Doubted, RBC Downgrades
Dish Network (DISH) isn’t going to hit the jackpot anytime soon in terms of selling off its radio spectrum for a tidy profit, says RBC Capital Markets, which downgraded the satellite TV broadcaster’s stock on Monday. AT&T (T), which is in the process of acquiring DirecTV Group (DTV), and Verizon Communications (VZ), are in no rush to pay a premium for Dish Network’s airwaves, says Jonathan Atkin, an analyst at RBC Capital. “We are downgrading Dish