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Equities researchers at Jefferies Group assumed coverage on shares of The Walt Disney Company (NYSE:DIS) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Shares of The Walt Disney Company (NYSE:DIS) traded up 1.48% during mid-day trading on Wednesday, hitting $83.90. 7,889,101 shares of the company’s stock traded hands. The Walt Disney Company has a 52-week low of $60.41 and a 52-week high of $85.86. The stock has a 50-day moving average of $82.81 and a 200-day moving average of $78.57. The company has a market cap of $145.3 billion and a price-to-earnings ratio of 21.27.

The Walt Disney Company (NYSE:DIS) last announced its earnings results on Tuesday, May 6th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.16. The company had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts predict that The Walt Disney Company will post $4.19 earnings per share for the current fiscal year.

A number of other firms have also recently commented on DIS. Analysts at Morgan Stanley reiterated a “positive” rating on shares of The Walt Disney Company in a research note on Tuesday. Separately, analysts at Wunderlich raised their price target on shares of The Walt Disney Company from $77.00 to $83.00 in a research note on Friday, May 30th. They now have a “hold” rating on the stock. Finally, analysts at Hudson Square Research initiated coverage on shares of The Walt Disney Company in a research note on Monday, May 19th. They set a “buy” rating and a $96.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $84.59.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.

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