Zacks Investment Research Upgrades Discovery Communications (DISCK) to Hold
Discovery Communications (NASDAQ:DISCK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “
DISCK has been the subject of a number of other reports. ValuEngine raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Morgan Stanley reduced their price objective on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $25.50.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cadence Capital Management LLC lifted its position in shares of Discovery Communications by 0.7% in the second 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. Creative Planning raised its position in Discovery Communications by 1.0% during the second quarter. Creative Planning now owns 8,545 shares of the company’s stock valued at $215,000 after acquiring an additional 87 shares in the last quarter. Cim Investment Mangement Inc. raised its position in Discovery Communications by 1.1% during the fourth quarter. Cim Investment Mangement Inc. now owns 8,443 shares of the company’s stock valued at $226,000 after acquiring an additional 94 shares in the last quarter. Stephens Inc. AR raised its position in Discovery Communications by 1.0% during the second quarter. Stephens Inc. AR now owns 12,245 shares of the company’s stock valued at $292,000 after acquiring an additional 125 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Discovery Communications by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,866 shares of the company’s stock valued at $1,131,000 after acquiring an additional 128 shares in the last quarter. 48.23% of the stock is owned by institutional investors and hedge funds.
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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