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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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