Dish Network (NASDAQ:DISH) shares are up in double digits today on a Bloomberg report that the wireless and Pay-TV services provider is about to offer mobile services on E-commerce platform Amazon (NASDAQ:AMZN).
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Reportedly, DISH could start selling the premium Boost Infinite service on Amazon by the end of this week. The development comes after chatter that Amazon was looking to sell mobile services to members of its Prime service and had engaged in talks with multiple names.
Separately, Dish is also slated to announce its second quarter numbers on August 7 and is expected to post an EPS of $0.30 for the quarter. In the year-ago period, it had delivered an EPS of $0.82, handily beating estimates by $0.17.
Overall, the Street has a $16.11 consensus price target on DISH alongside a Moderate Buy consensus rating. This implies a mouth-watering 108.7% potential upside in the stock.
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