Discovery Communications, Inc. (NASDAQ:DISCA) was upgraded by investment analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. Citigroup Inc. upgraded Discovery Communications from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $30.00 to $29.00 in a report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Discovery Communications in a report on Friday, July 14th. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, August 8th. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a report on Thursday, May 18th. Finally, ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and an average target price of $27.27.

Shares of Discovery Communications (NASDAQ:DISCA) traded up 1.4146% during mid-day trading on Thursday, reaching $21.4999. The company’s stock had a trading volume of 4,616,089 shares. The company has a market cap of $12.25 billion, a PE ratio of 11.4058 and a beta of 1.59. The company has a 50-day moving average price of $23.18 and a 200 day moving average price of $26.17. Discovery Communications has a 52-week low of $20.53 and a 52-week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. Discovery Communications’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. Equities analysts expect that Discovery Communications will post $2.24 earnings per share for the current year.

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In other news, CFO Gunnar Wiedenfels bought 20,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $23.01 per share, with a total value of $460,200.00. Following the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $460,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Guagliardo bought 10,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $22.71 per share, with a total value of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $227,100. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Discovery Communications by 5.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after acquiring an additional 917,632 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Discovery Communications by 2.3% in the 1st quarter. Clearbridge Investments LLC now owns 17,843,671 shares of the company’s stock worth $519,072,000 after acquiring an additional 399,171 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after acquiring an additional 858,015 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Discovery Communications by 20.3% in the 1st quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company’s stock worth $319,034,000 after acquiring an additional 1,848,329 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Discovery Communications by 2.0% in the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after acquiring an additional 187,781 shares in the last quarter. 45.85% of the stock is owned by hedge funds and other institutional investors.

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.

The Fly

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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