Discovery Communications, Inc. (NASDAQ:DISCA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other analysts also recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $28.00 price target on shares of Discovery Communications in a research report on Friday, June 16th. Royal Bank Of Canada set a $32.00 price target on shares of Discovery Communications and gave the company a “buy” rating in a research report on Monday, June 12th. Moffett Nathanson reiterated a “sell” rating on shares of Discovery Communications in a research report on Friday, June 9th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Thursday, May 18th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.07.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Discovery Communications (NASDAQ:DISCA) traded up 1.06% during mid-day trading on Friday, hitting $25.79. 4,660,857 shares of the stock were exchanged. The company has a 50 day moving average price of $26.24 and a 200 day moving average price of $27.76. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 13.49 and a beta of 1.61. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by $0.08. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Discovery Communications will post $2.27 EPS for the current year.

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In other news, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul A. Gould sold 8,832 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total transaction of $229,455.36. Following the transaction, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. The disclosure for this sale can be found here. Corporate insiders own 5.78% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Discovery Communications by 2.3% in the first quarter. Clearbridge Investments LLC now owns 17,843,671 shares of the company’s stock worth $519,072,000 after buying an additional 399,171 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Discovery Communications by 2.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 17,688,591 shares of the company’s stock worth $514,561,000 after buying an additional 406,646 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Discovery Communications by 5.4% in the first quarter. Vanguard Group Inc. now owns 15,803,301 shares of the company’s stock worth $459,718,000 after buying an additional 803,848 shares during the last quarter. Bank of New York Mellon Corp boosted 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 last quarter. Finally, BlackRock Inc. boosted 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 last quarter. 44.55% of the stock is currently owned by institutional investors and hedge funds.

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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