Discovery Communications’ (DISCA) “Market Perform” Rating Reaffirmed at Wells Fargo & Co

Discovery Communications (NASDAQ:DISCA)‘s stock had its “market perform” rating reissued by equities researchers at Wells Fargo & Co in a note issued to investors on Thursday, The Fly reports. They presently have a $25.00 price target on the stock, up from their previous price target of $18.00. Wells Fargo & Co’s price objective points to a potential upside of 10.52% from the company’s previous close.

Several other research firms have also recently issued reports on DISCA. B. Riley reaffirmed a “neutral” rating and issued a $19.00 price target (down from $23.00) on shares of Discovery Communications in a report on Wednesday, November 1st. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Discovery Communications in a report on Tuesday, September 12th. Barrington Research raised shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Tuesday. Macquarie raised shares of Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday. Finally, BidaskClub raised shares of Discovery Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. Discovery Communications currently has an average rating of “Hold” and an average price target of $24.33.

Discovery Communications (DISCA) opened at $22.62 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The firm has a market cap of $8,759.94, a P/E ratio of 11.84, a PEG ratio of 1.16 and a beta of 1.55. Discovery Communications has a 52-week low of $15.99 and a 52-week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Discovery Communications’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts forecast that Discovery Communications will post 1.94 EPS for the current year.

In other news, insider Bruce Campbell sold 15,976 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $21.50, for a total transaction of $343,484.00. Following the completion of the transaction, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of Discovery Communications stock in a transaction dated Friday, November 3rd. The shares were acquired at an average price of $15.45 per share, with a total value of $231,750.00. Following the transaction, the chief financial officer now owns 50,000 shares in the company, valued at approximately $772,500. The disclosure for this purchase can be found here. Insiders purchased a total of 527,523 shares of company stock valued at $9,629,104 in the last quarter. 6.81% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Virtus Investment Advisers Inc. purchased a new stake in Discovery Communications during the third quarter valued at about $105,000. Mn Services Vermogensbeheer B.V. lifted its stake in Discovery Communications by 5.8% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock valued at $106,000 after buying an additional 215 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Discovery Communications by 437.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after buying an additional 3,230 shares in the last quarter. Nordea Investment Management AB lifted its stake in Discovery Communications by 10.1% during the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock valued at $104,000 after buying an additional 381 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Discovery Communications by 433.8% during the third quarter. Toronto Dominion Bank now owns 4,404 shares of the company’s stock valued at $119,000 after buying an additional 3,579 shares in the last quarter. Institutional investors own 48.12% of the company’s stock.

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Discovery Communications Company Profile

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.

The Fly

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