Discovery Communications Inc. Series A Price Target Cut to $91.00 by Analysts at MKM Partners (DISCA)
Equities researchers at MKM Partners decreased their price objective on shares of Discovery Communications Inc. Series A (NASDAQ:DISCA) from $94.00 to $91.00 in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price would suggest a potential upside of 9.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets initiated coverage on shares of Discovery Communications Inc. Series A in a research note to investors on Thursday, January 23rd. They set a “buy” rating and a $94.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Discovery Communications Inc. Series A in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $100.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $88.75.
Shares of Discovery Communications Inc. Series A (NASDAQ:DISCA) traded up 1.00% during mid-day trading on Friday, hitting $82.76. The stock had a trading volume of 1,564,275 shares. Discovery Communications Inc. Series A has a 52 week low of $67.89 and a 52 week high of $90.76. The stock’s 50-day moving average is $83.52 and its 200-day moving average is $82.84. The company has a market cap of $29.463 billion and a price-to-earnings ratio of 29.72. Discovery Communications Inc. Series A also was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 6,670,805 shares, a decrease of 17.1% from the December 31st total of 7,812,275 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average trading volume of 1,286,023 shares, the days-to-cover ratio is currently 5.2 days.
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.