BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCK) from a hold rating to a buy rating in a report released on Friday.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Discovery Communications from a hold rating to a sell rating in a research report on Monday, October 30th. ValuEngine downgraded Discovery Communications from a buy rating to a hold rating in a research report on Sunday, December 31st. Finally, Morgan Stanley lifted their price target on Discovery Communications from $22.00 to $29.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $29.00.
Discovery Communications (DISCK) opened at $22.65 on Friday. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $8,585.57, a P/E ratio of 11.86 and a beta of 1.45. Discovery Communications has a 1 year low of $14.99 and a 1 year high of $29.18.
Large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Discovery Communications by 46.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,871 shares of the company’s stock worth $463,000 after purchasing an additional 7,208 shares in the last quarter. Seizert Capital Partners LLC grew its holdings in shares of Discovery Communications by 15.9% during the 3rd quarter. Seizert Capital Partners LLC now owns 3,750,499 shares of the company’s stock worth $75,985,000 after purchasing an additional 513,183 shares in the last quarter. United States Steel & Carnegie Pension Fund grew its holdings in shares of Discovery Communications by 19.7% during the 3rd quarter. United States Steel & Carnegie Pension Fund now owns 3,043,056 shares of the company’s stock worth $61,652,000 after purchasing an additional 500,000 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in shares of Discovery Communications by 8.6% during the 3rd quarter. Atlantic Trust Group LLC now owns 344,693 shares of the company’s stock worth $6,984,000 after purchasing an additional 27,242 shares in the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $136,312,000. 51.23% of the stock is currently owned by institutional investors.
WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2018/02/19/discovery-communications-disck-upgraded-at-bidaskclub.html.
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.
Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.