Press coverage about Discovery Communications (NASDAQ:DISCA) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Discovery Communications earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.1030559095042 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- NBC fires Matt Lauer over “inappropriate behavior” (finance.yahoo.com)
- Discovery Communications (DISCA) Given New $21.00 Price Target at Deutsche Bank (americanbankingnews.com)
- Discovery Communications, Inc. (DISCA) Eye Catching Move in Focus- Sally Beauty Holdings, Inc. (SBH) – Investing News Update (investingbizz.com)
- Morning Watch List- Discovery Communications, Inc. (NASDAQ:DISCA) a CATV Systems Company – The Stock Street (press release) (thestreetpoint.com)
- Recent Insiders Bustle: TechnipFMC plc (FTI), Discovery … – Market Movers (financialqz.com)
DISCA has been the topic of several analyst reports. Deutsche Bank dropped their target price on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 target price (down previously from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Barclays dropped their target price on shares of Discovery Communications from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, October 13th. ValuEngine upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Credit Suisse Group dropped their target price on shares of Discovery Communications from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.67.
Shares of Discovery Communications (NASDAQ:DISCA) traded up $0.44 during trading on Friday, reaching $19.46. 11,040,000 shares of the company were exchanged, compared to its average volume of 6,080,000. The company has a market capitalization of $7,150.00, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 1.06 and a beta of 1.56. Discovery Communications has a 12 month low of $15.99 and a 12 month high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. equities research analysts predict that Discovery Communications will post 1.97 earnings per share for the current fiscal year.
In other Discovery Communications news, Director J David Wargo purchased 80,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were acquired at an average cost of $15.80 per share, for a total transaction of $1,264,000.00. Following the completion of the transaction, the director now owns 147,591 shares of the company’s stock, valued at $2,331,937.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $772,500. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 195,000 shares of company stock worth $3,071,750. 6.81% of the stock is owned by insiders.
Discovery Communications Company Profile
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.
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