Discovery Communications Price Target Increased to $96.00 by Analysts at RBC Capital (DISCK)
Equities researchers at RBC Capital raised their price target on shares of Discovery Communications (NASDAQ:DISCK) from $90.00 to $96.00 in a research report issued on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 18.24% from the company’s current price.
Shares of Discovery Communications (NASDAQ:DISCK) opened at 81.19 on Friday. Discovery Communications has a 52 week low of $50.17 and a 52 week high of $83.63. The stock has a 50-day moving average of $75.68 and a 200-day moving average of $72.74. The company has a market cap of $29.147 billion and a price-to-earnings ratio of 31.81.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.09. On average, analysts predict that Discovery Communications will post $3.12 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of Discovery Communications from $80.00 to $94.00 in a research note to investors on Friday. They now have a “fair value” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Discovery Communications from $80.00 to $86.00 in a research note to investors on Friday. Finally, analysts at Evercore Partners raised their price target on shares of Discovery Communications from $78.00 to $83.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Discovery Communications presently has a consensus rating of “Buy” and a consensus target price of $91.83.
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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