Discovery Communications’s “Fair Value” Rating Reaffirmed at MKM Partners (DISCK)
Discovery Communications (NASDAQ:DISCK)‘s stock had its “fair value” rating reaffirmed by investment analysts at MKM Partners in a note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a $91.00 price target on the stock, down from their previous price target of $94.00. MKM Partners’ target price points to a potential upside of 19.71% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of Discovery Communications in a research note to investors on Friday, January 31st. They now have a $97.00 price target on the stock, up previously from $6.00. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Discovery Communications in a research note to investors on Friday, January 24th. They set a “buy” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of Discovery Communications in a research note to investors on Wednesday, January 15th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Discovery Communications currently has an average rating of “Buy” and an average target price of $92.38.
Shares of Discovery Communications (NASDAQ:DISCK) traded up 0.89% on Friday, hitting $76.02. 283,270 shares of the company’s stock traded hands. Discovery Communications has a 52 week low of $60.94 and a 52 week high of $84.04. The stock’s 50-day moving average is $77.03 and its 200-day moving average is $76.22. The company has a market cap of $27.063 billion and a P/E ratio of 27.33.
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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