Discovery Communications, Inc. (DISCK) Downgraded by Zacks Investment Research
Discovery Communications, Inc. (NASDAQ:DISCK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.
According to Zacks, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It 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. “
DISCK has been the subject of several other reports. BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Finally, ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Discovery Communications presently has a consensus rating of “Hold” and an average target price of $29.00.
Discovery Communications (DISCK) traded down 0.34% during mid-day trading on Monday, reaching $20.35. 1,496,500 shares of the company were exchanged. Discovery Communications has a 1-year low of $19.36 and a 1-year high of $29.18. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 10.80 and a beta of 1.46. The stock’s 50-day moving average price is $21.29 and its 200-day moving average price is $25.07.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The business had revenue of $1.75 billion for the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. On average, equities research analysts anticipate that Discovery Communications will post $2.24 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DISCK. BlackRock Inc. grew its position in Discovery Communications by 2,766.5% in the 1st quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock valued at $380,687,000 after acquiring an additional 12,977,986 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Discovery Communications by 42.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock valued at $86,283,000 after acquiring an additional 1,016,006 shares in the last quarter. First Manhattan Co. grew its position in Discovery Communications by 30.2% in the 2nd quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock valued at $70,748,000 after acquiring an additional 651,642 shares in the last quarter. JPMorgan Chase & Co. grew its position in Discovery Communications by 326.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 740,082 shares of the company’s stock valued at $18,657,000 after acquiring an additional 566,611 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Discovery Communications by 10.1% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock valued at $148,192,000 after acquiring an additional 537,357 shares in the last quarter. 45.29% of the stock is owned by institutional investors.
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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