Discovery Communications Reaches New 12-Month High at $78.60 (DISCK)
Shares of Discovery Communications (NASDAQ:DISCK) hit a new 52-week high during trading hours on Friday, AnalystRatingsNetwork.com reports. The company traded as high as $78.60 and last traded at $78.00, with a volume of 173,678 shares trading hands. The stock had previously closed at $77.05.
Several analysts have recently commented on the stock. Analysts at Telsey Advisory Group cut their price target on shares of Discovery Communications (NASDAQ:DISCK) from $94.00 to $90.00 in a research note to investors on Thursday, August 22nd. They now have a “not rated” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Discovery Communications (NASDAQ:DISCK) from $95.00 to $98.00 in a research note to investors on Wednesday, August 14th. Finally, analysts at Pivotal Research upgraded shares of Discovery Communications (NASDAQ:DISCK) from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, August 6th. They now have a $82.00 price target on the stock, up previously from $70.00. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $89.75.
Discovery Communications has a 52 week low of $50.73 and a 52 week high of $77.99. The stock’s 50-day moving average is $72.97 and its 200-day moving average is $71.64. The company has a market cap of $27.916 billion and a P/E ratio of 29.63.
Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Tuesday, July 30th. The company reported $0.82 EPS for the quarter. On average, analysts predict that Discovery Communications will post $3.11 earnings per share for the current fiscal year.
Discovery Communications, Inc (NASDAQ:DISCK) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide.
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