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.
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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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