Discovery Communications (DISCK) Cut to Hold at BidaskClub

BidaskClub downgraded shares of Discovery Communications (NASDAQ:DISCK) from a buy rating to a hold rating in a report published on Saturday, January 6th.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Discovery Communications from a sell rating to a hold rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Discovery Communications from a hold rating to a buy rating in a research report on Tuesday, October 10th. Finally, Morgan Stanley decreased 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 report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average price target of $25.50.

Shares of Discovery Communications (NASDAQ:DISCK) traded up $0.29 during mid-day trading on Friday, hitting $23.00. 2,806,900 shares of the company traded hands, compared to its average volume of 3,587,600. The company has a market cap of $8,718.24, a P/E ratio of 12.04 and a beta of 1.42. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications has a 1-year low of $14.99 and a 1-year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.10). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. equities research analysts anticipate that Discovery Communications will post 2.17 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in DISCK. BB&T Investment Services Inc. purchased a new stake in shares of Discovery Communications in the second quarter valued at about $102,000. Fiduciary Trust Co. purchased a new stake in Discovery Communications during the second quarter worth about $160,000. Ontario Teachers Pension Plan Board purchased a new stake in Discovery Communications during the second quarter worth about $196,000. Mint Tower Capital Management B.V. purchased a new stake in Discovery Communications during the third quarter worth about $215,000. Finally, Gyroscope Capital Management Group LLC purchased a new stake in Discovery Communications during the third quarter worth about $248,000. 48.07% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Discovery Communications (DISCK) Cut to Hold at BidaskClub” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/01/16/discovery-communications-disck-downgraded-by-bidaskclub.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.

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