Discovery Communications, Inc. (NASDAQ:DISCB) Stock Rating Lowered by Zacks Investment Research
Discovery Communications, Inc. (NASDAQ:DISCB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.
According to Zacks, “DISCOVERY COMMUNICATIONS is the world’s No. 1 nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “
Discovery Communications (NASDAQ DISCB) traded up 0.000% on Monday, hitting $27.745. The stock had a trading volume of 200 shares. The company has a market capitalization of $12.29 billion, a PE ratio of 14.511 and a beta of 1.57. The company has a 50 day moving average of $26.63 and a 200 day moving average of $28.10. Discovery Communications has a 12-month low of $25.21 and a 12-month high of $30.80.
Discovery Communications (NASDAQ:DISCB) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $1.61 billion during the quarter. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. On average, equities analysts expect that Discovery Communications will post $2.13 earnings per share for the current year.
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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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