Nomura Initiates Coverage on Discovery Communications (DISCK)
Analysts at Nomura assumed coverage on shares of Discovery Communications (NASDAQ:DISCK) in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating on the stock.
DISCK has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein raised their price target on shares of Discovery Communications from $98.00 to $103.00 in a research note to investors on Tuesday, November 5th. Separately, analysts at RBC Capital raised their price target on shares of Discovery Communications from $90.00 to $96.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Finally, 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, November 1st. They now have a “fair value” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.25.
Shares of Discovery Communications (NASDAQ:DISCK) traded up 0.17% during mid-day trading on Wednesday, hitting $75.85. The stock had a trading volume of 271,909 shares. Discovery Communications has a 52 week low of $60.94 and a 52 week high of $84.04. The stock has a 50-day moving average of $79.52 and a 200-day moving average of $76.36. The company has a market cap of $27.003 billion and a P/E ratio of 27.46.
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 $3.11 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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