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.
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.
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