Shares of Discovery Communications, Inc. (NASDAQ:DISCK) have received an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.00.

Several equities research analysts have recently weighed in on DISCK shares. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Finally, Morgan Stanley cut their price target on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday.

A number of institutional investors have recently modified their holdings of DISCK. BB&T Investment Services Inc. bought a new position in Discovery Communications during the 2nd quarter worth about $102,000. Fiduciary Trust Co. bought a new position in Discovery Communications during the 2nd quarter worth about $160,000. Ontario Teachers Pension Plan Board bought a new position in Discovery Communications during the 2nd quarter worth about $196,000. Cadence Capital Management LLC grew its holdings in Discovery Communications by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after acquiring an additional 55 shares in the last quarter. Finally, Creative Planning grew its holdings in Discovery Communications by 1.0% during the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 45.45% of the company’s stock.

Discovery Communications (NASDAQ DISCK) traded up 0.88% during trading on Thursday, hitting $18.34. 820,513 shares of the company traded hands. The company’s 50 day moving average is $19.67 and its 200-day moving average is $23.59. Discovery Communications has a 52 week low of $17.58 and a 52 week high of $29.18. The stock has a market capitalization of $10.45 billion, a PE ratio of 9.73 and a beta of 1.43.

Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ 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. Analysts predict that Discovery Communications will post $2.23 earnings per share for the current year.

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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.

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