BidaskClub Upgrades Discovery Communications, Inc. (DISCA) to Hold
Discovery Communications, Inc. (NASDAQ:DISCA) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
Several other research firms have also issued reports on DISCA. Moffett Nathanson reissued a “sell” rating on shares of Discovery Communications in a report on Friday, June 9th. TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a report on Thursday, April 20th. Citigroup Inc. raised Discovery Communications from a “sell” rating to a “neutral” rating in a report on Thursday, April 20th. Pivotal Research reissued a “hold” rating and set a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Discovery Communications in a report on Friday, May 12th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $29.07.
Discovery Communications (NASDAQ:DISCA) traded down 0.64% during trading on Wednesday, reaching $26.27. 2,046,527 shares of the company’s stock were exchanged. Discovery Communications has a 12 month low of $23.66 and a 12 month high of $30.25. The firm’s 50-day moving average price is $26.63 and its 200-day moving average price is $27.79. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 13.74 and a beta of 1.61.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Discovery Communications will post $2.27 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “BidaskClub Upgrades Discovery Communications, Inc. (DISCA) to Hold” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/06/14/bidaskclub-upgrades-discovery-communications-inc-disca-to-hold.html.
In related news, Director Paul A. Gould sold 8,832 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the sale, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.78% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock worth $271,875,000 after buying an additional 8,971,338 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Discovery Communications by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company’s stock worth $319,034,000 after buying an additional 1,848,329 shares during the period. Norges Bank bought a new stake in shares of Discovery Communications during the fourth quarter worth about $40,919,000. Strs Ohio increased its stake in shares of Discovery Communications by 59,357.5% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company’s stock worth $37,152,000 after buying an additional 1,275,000 shares during the period. Finally, Credit Agricole S A increased its stake in shares of Discovery Communications by 1,104.6% in the fourth quarter. Credit Agricole S A now owns 1,180,162 shares of the company’s stock worth $32,349,000 after buying an additional 1,082,192 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.
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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.