ValuEngine Downgrades Discovery Communications (DISCK) to Hold

Discovery Communications (NASDAQ:DISCK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, December 31st.

A number of other research analysts have also issued reports on the stock. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Morgan Stanley cut their price target on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Five analysts have rated the stock with a hold rating, Discovery Communications has an average rating of “Hold” and a consensus price target of $25.50.

Discovery Communications (DISCK) opened at $21.69 on Friday. The company has a market cap of $8,450.00, a PE ratio of 17.08 and a beta of 1.42. Discovery Communications has a fifty-two week low of $14.99 and a fifty-two week high of $29.18. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.

Institutional investors and hedge funds have recently bought and sold shares of the business. Beach Investment Management LLC. purchased a new position in shares of Discovery Communications in the second quarter worth about $832,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Discovery Communications by 6.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 868,072 shares of the company’s stock worth $21,885,000 after buying an additional 51,790 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Discovery Communications by 24.7% in the second quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock worth $3,529,000 after buying an additional 27,714 shares in the last quarter. Comerica Bank increased its position in Discovery Communications by 0.7% during the second quarter. Comerica Bank now owns 80,264 shares of the company’s stock worth $2,045,000 after purchasing an additional 555 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Discovery Communications by 5.8% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,662 shares of the company’s stock worth $1,151,000 after purchasing an additional 2,485 shares during the last quarter. 48.23% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/11/discovery-communications-disck-downgraded-by-valuengine-to-hold.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply