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Discovery Communications (NASDAQ:DISCA)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a report issued on Monday. They currently have a $82.00 target price on the stock, down from their previous target price of $84.00. Macquarie’s price target would indicate a potential upside of 5.51% from the stock’s previous close.

Discovery Communications (NASDAQ:DISCA) traded down 0.97% during mid-day trading on Monday, hitting $76.97. The stock had a trading volume of 946,882 shares. Discovery Communications has a 1-year low of $71.56 and a 1-year high of $90.76. The stock has a 50-day moving average of $76.39 and a 200-day moving average of $81.27. The company has a market cap of $26.786 billion and a P/E ratio of 25.87.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts predict that Discovery Communications will post $3.59 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Discovery Communications from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 5th. They now have a $98.00 price target on the stock. Separately, analysts at Atlantic Securities upgraded shares of Discovery Communications from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 5th. They now have a $98.00 price target on the stock, up previously from $89.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Discovery Communications in a research note on Wednesday, May 7th. They now have a $86.00 price target on the stock, down previously from $90.00. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $91.18.

Discovery Communications, Inc (NASDAQ:DISCA) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide.

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