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Shares of Discovery Communications (NASDAQ:DISCK) have been given an average recommendation of “Buy” by the seventeen ratings firms that are currently covering the stock, Analyst Ratings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $92.79.

Shares of Discovery Communications (NASDAQ:DISCK) opened at 77.85 on Wednesday. Discovery Communications has a 52 week low of $66.37 and a 52 week high of $84.04. The stock has a 50-day moving average of $75.83 and a 200-day moving average of $75.19. The company has a market cap of $27.092 billion and a P/E ratio of 25.66. Discovery Communications also was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 1,090,522 shares, a drop of 25.5% from the June 13th total of 1,464,571 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 441,194 shares, the days-to-cover ratio is presently 2.5 days.

Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.75. On average, analysts predict that Discovery Communications will post $3.81 earnings per share for the current fiscal year.

A number of research firms have recently commented on DISCK. 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. Separately, 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. Finally, 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.

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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