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Equities research analysts at Sterne Agee dropped their target price on shares of Discovery Communications (NASDAQ:DISCA) from $97.00 to $87.00 in a research note issued to investors on Thursday. Sterne Agee’s price objective suggests a potential upside of 13.62% from the stock’s previous close.

A number of other firms have also recently commented on DISCA. Analysts at Jefferies Group initiated coverage on shares of Discovery Communications in a research note on Thursday, June 26th. They set a “hold” rating on the stock. Separately, analysts at BTIG Research downgraded shares of Discovery Communications from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 25th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Discovery Communications in a research note on Wednesday, June 18th. They now have a $81.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Discovery Communications currently has a consensus rating of “Hold” and an average price target of $90.61.

Discovery Communications (NASDAQ:DISCA) traded up 0.84% on Thursday, hitting $76.57. 759,411 shares of the company’s stock traded hands. Discovery Communications has a 52 week low of $71.56 and a 52 week high of $90.76. The stock has a 50-day moving average of $76.50 and a 200-day moving average of $80.26. The company has a market cap of $26.646 billion and a price-to-earnings ratio of 25.28.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Tuesday, May 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the 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 $3.61 earnings per share for the current fiscal year.

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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