Discovery Communications (NASDAQ:DISCA) was upgraded by Barrington Research from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, January 2nd, MarketBeat reports. The brokerage presently has a $30.00 target price on the stock. Barrington Research’s price target would suggest a potential upside of 24.95% from the stock’s current price.
A number of other research firms have also recently commented on DISCA. BidaskClub upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Macquarie upgraded Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Tuesday, January 2nd. Bank of America upgraded Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, December 21st. Finally, Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. Discovery Communications currently has a consensus rating of “Hold” and an average target price of $24.17.
Shares of Discovery Communications (NASDAQ DISCA) traded up $1.18 during mid-day trading on Tuesday, hitting $24.01. The stock had a trading volume of 7,532,600 shares, compared to its average volume of 6,749,475. The company has a market cap of $8,800.00, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.10 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 released its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. research analysts forecast that Discovery Communications will post 1.94 EPS for the current fiscal year.
In related news, insider Bruce Campbell sold 3,047 shares of Discovery Communications stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total value of $55,363.99. Following the completion of the sale, the insider now owns 43,173 shares of the company’s stock, valued at $784,453.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J David Wargo acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $15.76 per share, with a total value of $1,576,000.00. Following the acquisition, the director now directly owns 147,591 shares of the company’s stock, valued at $2,326,034.16. The disclosure for this purchase can be found here. Insiders purchased 527,523 shares of company stock valued at $9,629,104 in the last ninety days. 6.81% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in Discovery Communications by 437.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after purchasing an additional 3,230 shares during the period. Flossbach Von Storch AG bought a new stake in Discovery Communications during the third quarter valued at about $208,000. OLD National Bancorp IN bought a new stake in Discovery Communications during the third quarter valued at about $222,000. Advisor Group Inc. grew its holdings in Discovery Communications by 27.7% during the second quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock valued at $235,000 after purchasing an additional 1,975 shares during the period. Finally, Wasatch Advisors Inc. bought a new position in shares of Discovery Communications in the third quarter worth about $244,000. 48.12% of the stock is owned by institutional investors and hedge funds.
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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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