Will AT&T Really Bid for Dish Network?

So what’s the dish on AT&T (NYSE:T) and Dish Network (NASDAQ:DISH)? Anticipation rises in the aftermath of AT&T’s deal collapse with T-Mobile, coupled with a Stifel Nicolaus report, which states that Dish “could very well be the next target for AT&T.” Stifel Nicolaus analyst Christopher King continues, “We believe Charlie Ergen realizes he is unlikely to ever get a better offer than from a moderately-desperate AT&T that needs spectrum and needs it quickly.”

King also notes “if an AT&T-DISH merger is forthcoming, we would guess it would come sooner rather than later, to assure the FCC would be approving both the recent Verizon (NYSE:VZ) Wireless-Cable MSO spectrum transaction and the AT&T-DISH deal simultaneously. It would represent an opportunity for the Commission to obtain strong commitments for LTE build-outs, along with wholesale access conditions from the two largest operators in the U.S, to allow competitors greater opportunities.”

Here’s how these stocks are trading on the news:

Dish Network Corp. (NASDAQ:DISH): DISH shares recently traded at $27.32, up $2.18, or 8.67%. They have traded in a 52-week range of $18.87 to $32.56. Volume today was 2,777,915 shares versus a 3-month average volume of 3,824,330 shares. The company’s trailing P/E is 8.38, while trailing earnings are $3.26 per share. Get the most recent company news and stock data here >>

AT&T, Inc. (NYSE:T): T shares recently traded at $29.09, up $0.35, or 1.22%. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 15,233,487 shares versus a 3-month average volume of 28,823,500 shares. The company’s trailing P/E is 14.76, while trailing earnings are $1.97 per share. Get the most recent company news and stock data here >>

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $39.06, up $0.43, or 1.11%. They have traded in a 52-week range of $32.28 to $39.10. Volume today was 10,736,774 shares versus a 3-month average volume of 15,431,100 shares. The company’s trailing P/E is 15.71, while trailing earnings are $2.49 per share. Get the most recent company news and stock data here >>