Discovery Communications Price Target Raised to $96.00 at Topeka Capital Markets (DISCA)
Investment analysts at Topeka Capital Markets lifted their target price on shares of Discovery Communications (NASDAQ:DISCA) from $91.00 to $96.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price suggests a potential upside of 12.89% from the company’s current price.
Discovery Communications (NASDAQ:DISCA) opened at 85.00 on Friday. Discovery Communications has a 1-year low of $71.56 and a 1-year high of $90.76. The stock’s 50-day moving average is $77.44 and its 200-day moving average is $79.75. The company has a market cap of $29.580 billion and a P/E ratio of 27.80.
Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters 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 $3.62 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Discovery Communications in a research note on Wednesday, July 9th. 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. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $91.12.
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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