Discovery Communications Inc. (DISCA) Receives Average Recommendation of “Hold” from Analysts
Shares of Discovery Communications Inc. (NASDAQ:DISCA) have been assigned a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the firm. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.57.
DISCA has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a report on Thursday, October 13th. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Nomura lowered their price target on Discovery Communications from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, October 3rd. Barrington Research cut Discovery Communications from an “outperform” rating to a “market perform” rating in a report on Thursday, September 29th. Finally, Moffett Nathanson cut Discovery Communications from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $31.00 to $21.00 in a report on Tuesday, September 27th.
Several hedge funds and other institutional investors have recently made changes to their positions in DISCA. Hotchkis & Wiley Capital Management LLC increased its stake in Discovery Communications by 50.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 15,522,485 shares of the company’s stock worth $391,632,000 after buying an additional 5,175,467 shares during the period. Alliancebernstein L.P. increased its stake in Discovery Communications by 585.7% in the second quarter. Alliancebernstein L.P. now owns 1,859,875 shares of the company’s stock worth $46,925,000 after buying an additional 1,588,653 shares during the period. FMR LLC increased its stake in Discovery Communications by 86.3% in the second quarter. FMR LLC now owns 2,369,729 shares of the company’s stock worth $59,788,000 after buying an additional 1,097,874 shares during the period. State Street Corp increased its stake in Discovery Communications by 10.1% in the second quarter. State Street Corp now owns 6,623,850 shares of the company’s stock worth $167,122,000 after buying an additional 606,238 shares during the period. Finally, Wellington Management Group LLP increased its stake in Discovery Communications by 91.5% in the first quarter. Wellington Management Group LLP now owns 1,062,291 shares of the company’s stock worth $30,413,000 after buying an additional 507,570 shares during the period. Institutional investors own 40.65% of the company’s stock.
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Shares of Discovery Communications (NASDAQ:DISCA) traded up 0.138% during trading on Tuesday, reaching $25.325. 805,798 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $25.81 and a 200 day moving average price of $26.51. The company has a market capitalization of $10.59 billion, a P/E ratio of 13.771 and a beta of 1.59. Discovery Communications has a 12-month low of $23.66 and a 12-month high of $31.80.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The business earned $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that Discovery Communications will post $1.97 EPS for the current fiscal year.
About Discovery Communications
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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