Discovery Communications, Inc. (NASDAQ:DISCA)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a report released on Friday. They presently have a $29.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 42.93% from the stock’s current price.

DISCA has been the subject of a number of other research reports. Cowen and Company reissued a “hold” rating and issued a $29.00 target price on shares of Discovery Communications in a research note on Tuesday, July 11th. Piper Jaffray Companies began coverage on Discovery Communications in a research note on Friday, August 11th. They issued a “neutral” rating and a $27.00 target price for the company. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub lowered Discovery Communications from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $30.00 target price (down previously from $32.00) on shares of Discovery Communications in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.57.

Discovery Communications (NASDAQ:DISCA) opened at 20.29 on Friday. The company has a market capitalization of $11.57 billion, a P/E ratio of 10.76 and a beta of 1.56. Discovery Communications has a 52-week low of $19.01 and a 52-week high of $30.25. The firm has a 50-day moving average price of $20.97 and a 200 day moving average price of $24.76.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Discovery Communications will post $2.22 earnings per share for the current fiscal year.

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In other news, Director S Decker Anstrom bought 10,000 shares of Discovery Communications stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $23.05 per share, for a total transaction of $230,500.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels bought 20,000 shares of Discovery Communications stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $460,200. The disclosure for this purchase can be found here. Insiders have acquired a total of 55,000 shares of company stock worth $1,243,300 in the last quarter. Company insiders own 6.81% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in shares of Discovery Communications by 437.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares during the period. Ballentine Partners LLC purchased a new position in shares of Discovery Communications during the 2nd quarter worth approximately $133,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Discovery Communications by 112.1% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after acquiring an additional 3,700 shares during the period. Montag A & Associates Inc. purchased a new position in shares of Discovery Communications during the 2nd quarter worth approximately $209,000. Finally, MUFG Americas Holdings Corp grew its holdings in shares of Discovery Communications by 13.9% during the 2nd quarter. MUFG Americas Holdings Corp now owns 8,997 shares of the company’s stock worth $232,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 45.83% of the company’s stock.

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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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