Shares of Discovery Communications Inc. (NASDAQ:DISCA) have earned an average rating of “Hold” from the twenty-five analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.33.
DISCA has been the topic of several recent research reports. Loop Capital reduced their target price on shares of Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. B. Riley restated a “neutral” rating and set a $19.00 target price (down previously from $23.00) on shares of Discovery Communications in a report on Wednesday, November 1st. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $29.00 target price on shares of Discovery Communications in a report on Friday, October 20th.
Shares of Discovery Communications (NASDAQ:DISCA) traded down $0.13 on Tuesday, hitting $22.00. 8,500,000 shares of the company’s stock were exchanged, compared to its average volume of 6,670,000. The firm has a market cap of $8,080.00, a price-to-earnings ratio of 17.32, a PEG ratio of 1.13 and a beta of 1.56. Discovery Communications has a 52 week low of $15.99 and a 52 week high of $30.25. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. equities research analysts anticipate that Discovery Communications will post 1.94 EPS for the current year.
In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $15.45 per share, with a total value of $231,750.00. Following the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bruce Campbell sold 15,976 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $21.50, for a total transaction of $343,484.00. Following the sale, the insider now directly owns 85,298 shares of the company’s stock, valued at approximately $1,833,907. The disclosure for this sale can be found here. Insiders bought a total of 527,523 shares of company stock valued at $9,629,104 in the last three months. Insiders own 6.81% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Beach Investment Management LLC. acquired a new position in Discovery Communications during the 2nd quarter valued at about $254,000. Schwab Charles Investment Management Inc. boosted its stake in Discovery Communications by 17.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 563,742 shares of the company’s stock valued at $14,562,000 after purchasing an additional 82,427 shares during the period. Victory Capital Management Inc. boosted its stake in Discovery Communications by 19.5% during the 2nd quarter. Victory Capital Management Inc. now owns 49,655 shares of the company’s stock valued at $1,283,000 after purchasing an additional 8,100 shares during the period. Andra AP fonden boosted its stake in Discovery Communications by 44.9% during the 2nd quarter. Andra AP fonden now owns 66,500 shares of the company’s stock valued at $1,718,000 after purchasing an additional 20,600 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Discovery Communications by 28.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,210 shares of the company’s stock valued at $987,000 after purchasing an additional 8,473 shares during the period. 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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