Barclays PLC Lowers Discovery Communications, Inc. (DISCA) Price Target to $18.00

Discovery Communications, Inc. (NASDAQ:DISCA) had its price objective cut by investment analysts at Barclays PLC from $25.00 to $18.00 in a report released on Friday. The firm currently has an “underweight” rating on the stock. Barclays PLC’s target price suggests a potential downside of 6.44% from the company’s previous close.

A number of other research analysts have also issued reports on DISCA. MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective (down previously from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Pivotal Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, August 8th. Royal Bank Of Canada dropped their price objective on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Discovery Communications in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.57.

Discovery Communications (NASDAQ DISCA) traded down 0.21% during midday trading on Friday, reaching $19.24. 5,120,992 shares of the company’s stock traded hands. The company has a market cap of $10.97 billion, a P/E ratio of 10.21 and a beta of 1.56. The stock has a 50-day moving average of $21.33 and a 200 day moving average of $25.06. Discovery Communications has a 52-week low of $19.01 and a 52-week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. On average, analysts anticipate that Discovery Communications will post $2.22 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Barclays PLC Lowers Discovery Communications, Inc. (DISCA) Price Target to $18.00” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/15/barclays-plc-lowers-discovery-communications-inc-disca-price-target-to-18-00.html.

In other news, insider Paul J. Guagliardo acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $22.71 per share, with a total value of $227,100.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $21.70 per share, with a total value of $325,500.00. Following the acquisition, the chief financial officer now owns 35,000 shares in the company, valued at approximately $759,500. The disclosure for this purchase can be found here. Insiders have bought a total of 55,000 shares of company stock worth $1,243,300 over the last quarter. Company insiders own 6.81% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its holdings in Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Discovery Communications in the 2nd quarter worth about $133,000. Ameritas Investment Partners Inc. purchased a new stake in Discovery Communications in the 1st quarter worth about $182,000. Horizon Investment Services LLC purchased a new stake in Discovery Communications in the 1st quarter worth about $202,000. Finally, OLD Mutual Customised Solutions Propriet

A number of other research analysts have also issued reports on DISCA. MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective (down previously from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Pivotal Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, August 8th. Royal Bank Of Canada dropped their price objective on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Discovery Communications in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.57.

Discovery Communications (NASDAQ DISCA) traded down 0.21% during midday trading on Friday, reaching $19.24. 5,120,992 shares of the company’s stock traded hands. The company has a market cap of $10.97 billion, a P/E ratio of 10.21 and a beta of 1.56. The stock has a 50-day moving average of $21.33 and a 200 day moving average of $25.06. Discovery Communications has a 52-week low of $19.01 and a 52-week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. On average, analysts anticipate that Discovery Communications will post $2.22 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Barclays PLC Lowers Discovery Communications, Inc. (DISCA) Price Target to $18.00” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/15/barclays-plc-lowers-discovery-communications-inc-disca-price-target-to-18-00.html.

In other news, insider Paul J. Guagliardo acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $22.71 per share, with a total value of $227,100.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $21.70 per share, with a total value of $325,500.00. Following the acquisition, the chief financial officer now owns 35,000 shares in the company, valued at approximately $759,500. The disclosure for this purchase can be found here. Insiders have bought a total of 55,000 shares of company stock worth $1,243,300 over the last quarter. Company insiders own 6.81% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its holdings in Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Discovery Communications in the 2nd quarter worth about $133,000. Ameritas Investment Partners Inc. purchased a new stake in Discovery Communications in the 1st quarter worth about $182,000. Horizon Investment Services LLC purchased a new stake in Discovery Communications in the 1st quarter worth about $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Discovery Communications by 112.1% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after acquiring an additional 3,700 shares during the last quarter. 45.84% of the stock is owned by institutional investors.

About Discovery Communications

Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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