Discovery Communications Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:DISCA)
Discovery Communications (NASDAQ:DISCA) has received a consensus rating of “Buy” from the twenty-four brokerages that are currently covering the company, AnalystRatings.Net reports. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $91.00.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Discovery Communications in a research note on Wednesday. They set an “overweight” rating and a $87.00 price target on the stock. Separately, analysts at Sterne Agee cut their price target on shares of Discovery Communications from $97.00 to $87.00 in a research note on Thursday, July 3rd. Finally, 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.
Shares of Discovery Communications (NASDAQ:DISCA) opened at 78.59 on Wednesday. Discovery Communications has a 52-week low of $71.56 and a 52-week high of $90.76. The stock’s 50-day moving average is $77.08 and its 200-day moving average is $79.90. The company has a market cap of $27.349 billion and a P/E ratio of 25.95.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts expect that Discovery Communications will post $3.62 EPS 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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