Discovery Communications Receives Average Rating of “Buy” from Brokerages (NASDAQ:DISCK)
Discovery Communications (NASDAQ:DISCK) has earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $89.00.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Discovery Communications from $45.50 to $48.00 in a research note on Wednesday. They now have a “buy” rating on the stock. 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.
Shares of Discovery Communications (NASDAQ:DISCK) traded down 0.01% during mid-day trading on Thursday, hitting $43.135. 470,697 shares of the company’s stock traded hands. Discovery Communications has a 52-week low of $33.185 and a 52-week high of $44.00. The stock’s 50-day moving average is $41.74 and its 200-day moving average is $38.49. The company has a market cap of $29.591 billion and a price-to-earnings ratio of 26.48.
Discovery Communications (NASDAQ:DISCK) last released its earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (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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