Several analysts have recently updated their ratings and price targets for Discovery Communications (NASDAQ: DISCA):

  • 10/13/2017 – Discovery Communications had its price target lowered by analysts at Barclays PLC from $25.00 to $18.00. They now have an “underweight” rating on the stock.
  • 10/12/2017 – Discovery Communications had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/12/2017 – Discovery Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Discovery Communications have underperformed its industry on a year-to-date basis. In fact, the company has been struggling with declining advertisement revenues for quite some time. Adverse foreign currency movements are also hurting the company. Discovery is also a highly leveraged company. Moreover, high costs are expected to hurt bottom-line in the third quarter. Detailed results will be available on Nov 2. The company's decision to buy Scripps Networks is, however, a positive. On materialization, the deal is expected to broaden Discovery's product portfolio, substantially. Discovery's new joint venture with TEN for automotive media is also encouraging. The move marks Discovery's entry into direct-to-consumer offerings. In the face of stiff competition and dwindling advertisement revenues, the media sector is witnessing large scale concentration. “
  • 10/11/2017 – Discovery Communications was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/3/2017 – Discovery Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Discovery Communications have underperformed its industry on a year-to-date basis. The stock has depreciated 21.4%, whereas its industry rallied 10.8% so far this year. In fact, the company has been struggling with declining advertisement revenues for quite some time. Adverse foreign currency movements are also hurting the company. Moreover, high costs are limiting bottom-line growth. The company's decision to buy Scripps Networks is, however, a positive. On materialization, the deal is expected to broaden Discovery's product portfolio, substantially. The multi-billion dollar deal is expected to close early next year. Discovery's efforts to reward its shareholders through dividends and buybacks raise optimism too. In the face of stiff competition and dwindling advertisement revenues, the media sector is witnessing large scale concentration.”
  • 9/26/2017 – Discovery Communications was upgraded by analysts at UBS AG from a “sell” rating to a “neutral” rating. They now have a $23.00 price target on the stock, down previously from $25.00.
  • 9/14/2017 – Discovery Communications was upgraded by analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating. They now have a $22.00 price target on the stock, down previously from $23.00.
  • 9/12/2017 – Discovery Communications had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 9/8/2017 – Discovery Communications had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $25.00 price target on the stock.
  • 9/1/2017 – Discovery Communications was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/18/2017 – Discovery Communications was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Discovery Communications, Inc. (NASDAQ DISCA) traded up 0.52% during trading on Tuesday, hitting $19.16. 7,844,578 shares of the stock traded hands. The company has a market cap of $10.92 billion, a P/E ratio of 10.16 and a beta of 1.56. The company’s 50 day moving average price is $21.33 and its 200 day moving average price is $25.03. Discovery Communications, Inc. has a 12 month low of $18.60 and a 12 month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Discovery Communications’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Discovery Communications, Inc. will post $2.22 EPS for the current fiscal year.

In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $21.70 per share, with a total value of $325,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Decker Anstrom acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average cost of $23.05 per share, for a total transaction of $230,500.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 55,000 shares of company stock worth $1,243,300. Corporate insiders own 6.81% of the company’s stock.

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.

Receive News & Ratings for Discovery Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc and related companies with MarketBeat.com's FREE daily email newsletter.