Discovery Communications Inc. Series A Receives New Coverage from Analysts at Nomura (DISCA)
Stock analysts at Nomura started coverage on shares of Discovery Communications Inc. Series A (NASDAQ:DISCA) in a report issued on Wednesday, Analyst Ratings News reports. The firm set a “buy” rating and a $100.00 price target on the stock. Nomura’s price objective indicates a potential upside of 21.01% from the company’s current price.
The analysts wrote, “As the leader in non-fiction content, DISCA is particularly well positioned for international growth (advertising and affiliate), which hedges it against slowing cable TV subscriber growth in the U.S. Discovery’s U.S. affiliate renewal cycle suggests a powerful acceleration in affiliate fees through 2016E,” the report noted. “Outsized FCF generation bodes well for continued returns of capital and/or strategic acquisitions.”
DISCA has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of Discovery Communications Inc. Series A in a research note to investors on Friday, January 10th. They now have a $77.00 price target on the stock. Separately, analysts at Cowen and Company downgraded shares of Discovery Communications Inc. Series A from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 7th. Finally, analysts at Guggenheim downgraded shares of Discovery Communications Inc. Series A from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $88.63.
Discovery Communications Inc. Series A (NASDAQ:DISCA) traded up 0.16% during mid-day trading on Wednesday, hitting $82.77. The stock had a trading volume of 300,992 shares. Discovery Communications Inc. Series A has a 52 week low of $66.41 and a 52 week high of $90.76. The stock has a 50-day moving average of $86.04 and a 200-day moving average of $83.18. The company has a market cap of $29.466 billion and a price-to-earnings ratio of 29.97.
Discovery Communications Inc. Series A (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.07. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. Analysts expect that Discovery Communications Inc. Series A will post $3.06 EPS for the current fiscal year.
Discovery Communications, Inc (NASDAQ:DISCA) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.