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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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.

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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.

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