Shares of Discovery Communications, Inc. (NASDAQ:DISCA) have earned an average rating of “Hold” from the twenty-two analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.73.
Several equities research analysts have recently issued reports on DISCA shares. TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Royal Bank of Canada set a $32.00 target price on shares of Discovery Communications and gave the company a “buy” rating in a research note on Monday. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reiterated a “hold” rating on shares of Discovery Communications in a research note on Friday, May 12th. Finally, FBR & Co reiterated a “hold” rating and issued a $30.00 target price on shares of Discovery Communications in a research note on Friday, April 7th.
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In other news, Director Paul A. Gould sold 8,832 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $25.98, for a total transaction of $229,455.36. Following the completion of the sale, the director now owns 188,676 shares of the company’s stock, valued at $4,901,802.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.78% of the company’s stock.
Several hedge funds have recently bought and sold shares of DISCA. Clearbridge Investments LLC raised its stake in Discovery Communications by 2.3% in the first quarter. Clearbridge Investments LLC now owns 17,843,671 shares of the company’s stock valued at $519,072,000 after buying an additional 399,171 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Discovery Communications during the first quarter valued at $10,769,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Discovery Communications by 112.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock valued at $204,000 after buying an additional 3,700 shares during the last quarter. Horizon Investment Services LLC purchased a new stake in Discovery Communications during the first quarter valued at $202,000. Finally, HighTower Advisors LLC raised its stake in Discovery Communications by 1.9% in the first quarter. HighTower Advisors LLC now owns 158,933 shares of the company’s stock valued at $4,626,000 after buying an additional 2,900 shares during the last quarter. 44.64% of the stock is owned by institutional investors.
Discovery Communications (NASDAQ DISCA) traded up 0.42% on Monday, hitting $26.52. The stock had a trading volume of 2,257,525 shares. The firm has a market cap of $11.75 billion, a PE ratio of 13.87 and a beta of 1.61. Discovery Communications has a 12-month low of $23.66 and a 12-month high of $30.25. The company’s 50 day moving average is $26.38 and its 200 day moving average is $27.77.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts expect that Discovery Communications will post $2.27 EPS for the current fiscal year.
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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