SoundView Downgrades EchoStar Rating

Analyst Tim O'Neil says a merger between chief rival GM Hughes and News Corp. would put substantial pressure on margins across the industry

SoundView downgraded its investment rating on shares of EchoStar Communications (DISH ) to buy from strong buy. On Oct. 23, the company posted $0.01 third quarter earnings per share vs. a $0.30 loss per share one year earlier.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.