Discovery Communications Price Target Raised to $48.00 at Topeka Capital Markets (DISCK)
Investment analysts at Topeka Capital Markets boosted their price target on shares of Discovery Communications (NASDAQ:DISCK) from $45.50 to $48.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price objective indicates a potential upside of 10.07% from the stock’s previous close.
Separately, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $89.00.
Shares of Discovery Communications (NASDAQ:DISCK) traded down 1.40% on Wednesday, hitting $43.00. The stock had a trading volume of 2,467,472 shares. Discovery Communications has a 1-year low of $33.185 and a 1-year high of $43.62. The stock has a 50-day moving average of $41.61 and a 200-day moving average of $38.45. The company has a market cap of $29.498 billion and a price-to-earnings ratio of 26.77.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.16 EPS for the quarter. Analysts expect that Discovery Communications will post $1.88 EPS 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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