Discovery Communications (NASDAQ:DISCA) had its price target lifted by equities research analysts at Royal Bank of Canada to $29.00 in a note issued to investors on Thursday, The Fly reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 17.41% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Pivotal Research cut Discovery Communications from a “buy” rating to a “hold” rating and reduced their price target for the company from $26.00 to $25.00 in a research report on Tuesday, January 9th. BidaskClub cut Discovery Communications from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Wells Fargo & Co reiterated a “market perform” rating and issued a $25.00 price target (up from $18.00) on shares of Discovery Communications in a research report on Thursday, January 4th. Barrington Research upgraded Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Tuesday, January 2nd. Finally, Macquarie upgraded Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $24.44.

Shares of Discovery Communications (NASDAQ:DISCA) traded up $0.17 on Thursday, hitting $24.70. The company’s stock had a trading volume of 5,115,900 shares, compared to its average volume of 6,247,254. The company has a market capitalization of $9,100.00, a price-to-earnings ratio of 19.45, a PEG ratio of 1.23 and a beta of 1.56. 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 $15.99 and a 52-week high of $30.25.

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

In related news, insider Bruce Campbell sold 15,976 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was 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 directly owns 85,298 shares in the company, valued at $1,833,907. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Gunnar Wiedenfels bought 15,000 shares of Discovery Communications stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $772,500. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 527,523 shares of company stock valued at $9,629,104. 6.81% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Cowen Inc. purchased a new position in Discovery Communications during the third quarter worth about $5,880,000. USA Financial Portformulas Corp purchased a new position in shares of Discovery Communications in the 3rd quarter worth about $335,000. Princeton Portfolio Strategies Group LLC boosted its holdings in shares of Discovery Communications by 2,242.1% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 180,340 shares of the company’s stock worth $4,658,000 after purchasing an additional 172,640 shares in the last quarter. FDx Advisors Inc. boosted its holdings in shares of Discovery Communications by 169.5% in the 3rd quarter. FDx Advisors Inc. now owns 25,243 shares of the company’s stock worth $537,000 after purchasing an additional 15,875 shares in the last quarter. Finally, Clinton Group Inc. boosted its holdings in shares of Discovery Communications by 46.8% in the 2nd quarter. Clinton Group Inc. now owns 179,248 shares of the company’s stock worth $4,630,000 after purchasing an additional 57,110 shares in the last quarter. Institutional investors and hedge funds own 48.13% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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