Discovery Communications Inc. (DISCA) Receives Hold Rating from Needham & Company LLC
Discovery Communications Inc. (NASDAQ:DISCA)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a report issued on Thursday.
DISCA has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Discovery Communications in a report on Saturday, July 9th. FBR & Co reaffirmed a “hold” rating on shares of Discovery Communications in a report on Thursday, August 4th. Loop Capital reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Discovery Communications in a report on Saturday, September 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Discovery Communications in a report on Thursday, August 11th. Finally, Barrington Research cut shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a report on Thursday, September 29th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and a consensus price target of $30.15.
Discovery Communications (NASDAQ:DISCA) traded down 1.87% during mid-day trading on Thursday, reaching $25.68. 2,746,656 shares of the company were exchanged. The company’s 50 day moving average price is $25.84 and its 200-day moving average price is $26.57. The stock has a market capitalization of $10.74 billion, a P/E ratio of 13.96 and a beta of 1.59. Discovery Communications has a 12 month low of $23.66 and a 12 month high of $31.80.
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Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. On average, equities analysts expect that Discovery Communications will post $1.97 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in Discovery Communications by 0.5% in the first quarter. State Street Corp now owns 6,017,612 shares of the company’s stock worth $172,283,000 after buying an additional 30,462 shares in the last quarter. Aviva PLC raised its position in Discovery Communications by 0.4% in the first quarter. Aviva PLC now owns 76,975 shares of the company’s stock worth $2,204,000 after buying an additional 312 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Discovery Communications by 49.3% in the first quarter. UBS Asset Management Americas Inc. now owns 796,105 shares of the company’s stock worth $22,793,000 after buying an additional 262,759 shares in the last quarter. Capstone Asset Management Co. raised its position in Discovery Communications by 4.1% in the second quarter. Capstone Asset Management Co. now owns 20,548 shares of the company’s stock worth $518,000 after buying an additional 811 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Discovery Communications by 2.3% in the first quarter. Geode Capital Management LLC now owns 1,470,612 shares of the company’s stock worth $42,045,000 after buying an additional 33,537 shares in the last quarter. 40.59% of the stock is currently owned by hedge funds and other institutional investors.
Discovery Communications Company Profile
Discovery Communications, Inc, (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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