Discovery Communications Downgraded to Neutral at BTIG Research (DISCK)
Discovery Communications (NASDAQ:DISCK) was downgraded by equities research analysts at BTIG Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Bernstein cut their price target on shares of Discovery Communications from $103.00 to $98.00 in a research note on Thursday, May 22nd. Separately, analysts at Nomura reiterated a “buy” rating on shares of Discovery Communications in a research note on Wednesday, May 7th. They now have a $95.00 price target on the stock, down previously from $100.00. Finally, analysts at Guggenheim raised their price target on shares of Discovery Communications from $96.00 to $97.00 in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $92.79.
Shares of Discovery Communications (NASDAQ:DISCK) opened at 73.57 on Wednesday. Discovery Communications has a 1-year low of $66.37 and a 1-year high of $84.04. The stock has a 50-day moving average of $73.4 and a 200-day moving average of $75.50. The company has a market cap of $25.602 billion and a price-to-earnings ratio of 24.50.
Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Tuesday, May 6th. The company reported $0.75 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.75. On average, analysts predict that Discovery Communications will post $3.83 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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