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Discovery Communications (NASDAQ:DISCK)’s share price reached a new 52-week high during mid-day trading on Thursday , reports. The stock traded as high as $85.32 and last traded at $83.72, with a volume of 313,357 shares. The stock had previously closed at $82.08.

A number of analysts have recently weighed in on DISCK shares. 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Buy” and an average target price of $92.79.

The stock’s 50-day moving average is $76.10 and its 200-day moving average is $75.12. The company has a market cap of $29.061 billion and a P/E ratio of 27.32. Discovery Communications also was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 1,090,522 shares, a decline of 25.5% from the June 13th total of 1,464,571 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 441,194 shares, the short-interest ratio is presently 2.5 days.

Discovery Communications (NASDAQ:DISCK) last posted its quarterly 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 $3.81 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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