Discovery Communications, Inc. (NASDAQ:DISCA)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $24.00 price objective on the stock, down from their prior price objective of $29.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 38.65% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. MKM Partners restated a “neutral” rating and set a $26.00 price target (down previously from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $20.00 price target on shares of Discovery Communications in a report on Friday. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Pivotal Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, August 8th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Discovery Communications in a research report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $25.64.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned $0.47 EPS. Discovery Communications’s revenue for the quarter was up 6.1% compared to the same quarter last year.

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In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of Discovery Communications stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $21.70 per share, with a total value of $325,500.00. Following the purchase, the chief financial officer now directly owns 35,000 shares in the company, valued at $759,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul J. Guagliardo acquired 10,000 shares of Discovery Communications stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $22.71 per share, with a total value of $227,100.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at $227,100. The disclosure for this purchase can be found here. 6.81% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in Discovery Communications by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 38,100 shares of the company’s stock valued at $984,000 after acquiring an additional 300 shares during the last quarter. Jennison Associates LLC raised its stake in Discovery Communications by 7.6% during the 2nd quarter. Jennison Associates LLC now owns 25,051 shares of the company’s stock valued at $647,000 after acquiring an additional 1,775 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Discovery Communications by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,304 shares of the company’s stock valued at $12,045,000 after acquiring an additional 11,792 shares during the last quarter. Swiss National Bank raised its stake in shares of Discovery Communications by 3.3% during the 2nd quarter. Swiss National Bank now owns 556,088 shares of the company’s stock worth $14,364,000 after buying an additional 17,700 shares in the last quarter. Finally, Princeton Portfolio Strategies Group LLC raised its stake in shares of Discovery Communications by 2,242.1% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 180,340 shares of the company’s stock worth $4,658,000 after buying an additional 172,640 shares in the last quarter. 45.80% of the stock is owned by hedge funds and other institutional investors.

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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