Barclays Lowers Discovery Communications Price Target to $48.00 (DISCA)
Investment analysts at Barclays lowered their price objective on shares of Discovery Communications (NASDAQ:DISCA) from $87.00 to $48.00 in a note issued to investors on Thursday. Barclays’ target price suggests a potential upside of 7.07% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim downgraded shares of Discovery Communications from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $92.00 price target on the stock, up previously from $89.00. Separately, analysts at Evercore Partners raised their price target on shares of Discovery Communications from $84.00 to $90.00 in a research note on Wednesday, July 30th. Finally, analysts at Topeka Capital Markets raised their price target on shares of Discovery Communications from $91.00 to $96.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Discovery Communications has a consensus rating of “Hold” and an average price target of $88.69.
Discovery Communications (NASDAQ:DISCA) opened at 44.83 on Thursday. Discovery Communications has a one year low of $36.5662 and a one year high of $46.3771. The stock’s 50-day moving average is $42.03 and its 200-day moving average is $40.84. The company has a market cap of $30.753 billion and a P/E ratio of 27.27.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.21. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company posted $0.82 earnings per share. Discovery Communications’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Discovery Communications will post $1.86 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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