Discovery Communications Inc. (DISCK) Downgraded by TheStreet
Discovery Communications Inc. (NASDAQ:DISCK) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Wednesday.
Separately, Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, February 28th.
Shares of Discovery Communications (NASDAQ:DISCK) traded up 2.548% during mid-day trading on Wednesday, hitting $25.155. The company had a trading volume of 1,278,488 shares. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 13.156 and a beta of 1.50. The company has a 50-day moving average price of $27.37 and a 200-day moving average price of $27.15. Discovery Communications has a 1-year low of $22.43 and a 1-year high of $29.18.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.09. The firm had revenue of $1.61 billion during the quarter. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. On average, equities analysts anticipate that Discovery Communications will post $2.28 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the company. Pacad Investment Ltd. purchased a new position in shares of Discovery Communications during the fourth quarter worth about $115,000. Glacier Peak Capital LLC purchased a new position in shares of Discovery Communications during the fourth quarter worth about $147,000. Virtus Investment Advisers Inc. purchased a new position in shares of Discovery Communications during the third quarter worth about $152,000. Meeder Asset Management Inc. purchased a new position in shares of Discovery Communications during the first quarter worth about $178,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock worth $180,000 after buying an additional 950 shares during the period. Institutional investors own 48.10% of the company’s stock.
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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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