Discovery Communications (NASDAQ:DISCA) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a report released on Tuesday, January 2nd, MarketBeat Ratings reports. The firm presently has a $26.00 price target on the stock. Macquarie’s price target indicates a potential upside of 8.70% from the company’s current price.
Several other research analysts have also recently commented on DISCA. Cowen reiterated a “hold” rating and set a $25.00 price target on shares of Discovery Communications in a report on Friday, September 8th. Sanford C. Bernstein restated an “underperform” rating on shares of Discovery Communications in a report on Tuesday, September 12th. Credit Suisse Group upgraded shares of Discovery Communications from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $22.00 in a report on Thursday, September 14th. UBS Group upgraded shares of Discovery Communications from a “sell” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $23.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Discovery Communications has a consensus rating of “Hold” and a consensus target price of $24.17.
Discovery Communications (NASDAQ:DISCA) traded up $1.09 during midday trading on Tuesday, hitting $23.92. 2,147,749 shares of the company’s stock were exchanged, compared to its average volume of 6,637,600. The stock has a market capitalization of $8,740.00, a PE ratio of 18.83, a P/E/G ratio of 1.10 and a beta of 1.56. Discovery Communications has a fifty-two week low of $15.99 and a fifty-two week high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. sell-side analysts forecast that Discovery Communications will post 1.94 earnings per share for the current year.
In other news, insider Bruce Campbell sold 3,047 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $18.17, for a total transaction of $55,363.99. Following the transaction, the insider now directly owns 43,173 shares in the company, valued at approximately $784,453.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Malone purchased 332,523 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average price of $19.72 per share, for a total transaction of $6,557,353.56. Following the acquisition, the director now directly owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 527,523 shares of company stock worth $9,629,104 over the last ninety days. 6.81% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 3,230 shares during the period. Flossbach Von Storch AG purchased a new stake in shares of Discovery Communications during the third quarter valued at approximately $208,000. OLD National Bancorp IN purchased a new stake in shares of Discovery Communications during the third quarter valued at approximately $222,000. Advisor Group Inc. raised its stake in shares of Discovery Communications by 27.7% during the second quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock valued at $235,000 after purchasing an additional 1,975 shares during the period. Finally, Wasatch Advisors Inc. purchased a new stake in shares of Discovery Communications during the third quarter valued at approximately $244,000. Hedge funds and other 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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