Discovery Communications, Inc. (DISCA) Upgraded by ValuEngine to “Buy”
Discovery Communications, Inc. (NASDAQ:DISCA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Several other research firms have also recently weighed in on DISCA. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Cowen and Company reaffirmed a “hold” rating and issued a $29.00 price target on shares of Discovery Communications in a report on Tuesday, July 11th. Piper Jaffray Companies initiated coverage on Discovery Communications in a report on Friday, August 11th. They issued a “neutral” rating and a $27.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $32.00 price target on shares of Discovery Communications in a report on Friday, July 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $30.00 price objective (down from $32.00) on shares of Discovery Communications in a research report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.07.
Discovery Communications (NASDAQ:DISCA) traded down 2.58% on Wednesday, reaching $20.00. 3,969,279 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $21.56 and its 200 day moving average is $25.18. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 10.61 and a beta of 1.56. Discovery Communications has a 52 week low of $19.95 and a 52 week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business earned $0.71 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Discovery Communications will post $2.24 earnings per share for the current year.
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In related news, CFO Gunnar Wiedenfels acquired 20,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the purchase, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $460,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul J. Guagliardo acquired 10,000 shares of the stock in a transaction on Friday, August 18th. The shares were bought at an average price of $22.71 per share, with a total value of $227,100.00. Following the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $227,100. The disclosure for this purchase can be found here. Insiders have acquired 55,000 shares of company stock valued at $1,243,300 in the last quarter. 6.81% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. Achmea Investment Management B.V. bought a new stake in shares of Discovery Communications in the 2nd quarter worth $1,745,000. Sentry Investment Management LLC increased its holdings in shares of Discovery Communications by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after purchasing an additional 123 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Discovery Communications by 26.5% in the 2nd quarter. Toronto Dominion Bank now owns 52,078 shares of the company’s stock worth $1,345,000 after purchasing an additional 10,898 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Discovery Communications in the 2nd quarter worth $339,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Discovery Communications by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 697,493 shares of the company’s stock worth $18,016,000 after purchasing an additional 2,355 shares in the last quarter. 45.84% 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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