During the weekend, viewers of Dish Network Corp. (NASDAQ:DISH) witnessed a blackout of popular Walt Disney Co. (NYSE:DIS) channels including ESPN, ABC, FX, Disney Channel, Freeform, and National Geographic. Following a new pact between the satellite broadcasting and streaming service provider, DISH viewers are now able to enjoy viewing these channels on their cable TVs.
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The blackout was a result of a carriage dispute, which involves payment of fees by distributors for streaming Disney channels on their network. Notably, DISH hosts about ten million subscribers in the U.S. but the actual count of those affected by the blackout remains unknown. As per a WSJ report, Disney has reached a “handshake agreement” with Dish Network reflecting fair market value for its channels.
Is Disney a Good Buy Right Now?
On TipRanks, Disney stock commands a Strong Buy consensus rating. This is based on 14 Buys and three Holds. The average Walt Disney price forecast of $145.80 implies an impressive 54.6% upside potential to current levels. Meanwhile, DIS stock has lost 39.8% so far this year.
Is DISH a Buy or Sell?
DISH stock has a Hold consensus rating on TipRanks. This is based on four Buys, four Holds, and two Sells. The average Dish Network price target of $24.67 implies a massive 78.4% upside potential to current levels. Year-to-date, DISH stock has lost 58.5%.
