Discovery Communications (NASDAQ:DISCK) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Morgan Stanley cut their price objective on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Shares of Discovery Communications (DISCK) traded up $0.31 during trading on Friday, hitting $22.47. 4,960,000 shares of the stock were exchanged, compared to its average volume of 4,940,000. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. Discovery Communications has a 52-week low of $14.99 and a 52-week high of $29.18. The stock has a market cap of $8,720.00, a P/E ratio of 17.69 and a beta of 1.42.

Several institutional investors have recently modified their holdings of DISCK. BB&T Investment Services Inc. acquired a new stake in Discovery Communications in the 2nd quarter worth approximately $102,000. Fiduciary Trust Co. acquired a new stake in Discovery Communications in the 2nd quarter worth approximately $160,000. Ontario Teachers Pension Plan Board acquired a new stake in Discovery Communications in the 2nd quarter worth approximately $196,000. Cadence Capital Management LLC boosted its stake in Discovery Communications by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after purchasing an additional 55 shares in the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new stake in Discovery Communications in the 3rd quarter worth approximately $215,000. 48.23% of the stock is currently owned by hedge funds and other institutional investors.

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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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