Discovery Communications, Inc. (DISCA) Lowered to “Strong Sell” at BidaskClub
Discovery Communications, Inc. (NASDAQ:DISCA) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.
A number of other research firms have also issued reports on DISCA. Cowen and Company reaffirmed a “hold” rating and issued a $29.00 price target on shares of Discovery Communications in a research report on Tuesday, July 11th. Moffett Nathanson reaffirmed a “sell” rating on shares of Discovery Communications in a research report on Friday, June 9th. Piper Jaffray Companies initiated coverage on Discovery Communications in a research report on Friday, August 11th. They issued a “neutral” rating and a $27.00 price target on the stock. Citigroup Inc. raised Discovery Communications from a “sell” rating to a “neutral” rating in a research report on Thursday, April 20th. Finally, TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Hold” and an average target price of $27.27.
Shares of Discovery Communications (DISCA) traded up 1.12% during trading on Friday, hitting $22.49. The stock had a trading volume of 4,179,155 shares. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 11.93 and a beta of 1.59. The company’s 50 day moving average price is $25.12 and its 200 day moving average price is $26.95. Discovery Communications has a 12 month low of $22.12 and a 12 month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company posted $0.71 EPS. Discovery Communications’s revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Discovery Communications will post $2.23 earnings per share for the current fiscal year.
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In other news, insider Bruce Campbell sold 9,283 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $26.43, for a total value of $245,349.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Decker Anstrom purchased 10,000 shares of Discovery Communications stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of $23.05 per share, with a total value of $230,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 45,000 shares of company stock valued at $1,016,200 over the last three months. Insiders own 5.78% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. boosted its stake in Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock valued at $106,000 after buying an additional 215 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Discovery Communications by 437.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after buying an additional 3,230 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock valued at $132,000 after buying an additional 900 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Discovery Communications during the first quarter valued at approximately $134,000. Finally, Ballentine Partners LLC purchased a new position in shares of Discovery Communications during the second quarter valued at about $133,000. 44.22% of the stock is owned by institutional investors and hedge funds.
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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