BidaskClub lowered shares of Discovery Communications (NASDAQ:DISCK) from a buy rating to a hold rating in a report released on Saturday, January 6th.
Several other research firms have also recently issued reports on DISCK. Zacks Investment Research cut shares of Discovery Communications from a hold rating to a sell rating in a report on Tuesday, September 19th. ValuEngine cut shares of Discovery Communications from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Morgan Stanley reduced their target price on shares of Discovery Communications from $31.00 to $22.00 and set an equal weight rating for the company in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Discovery Communications has an average rating of Hold and a consensus price target of $29.00.
Shares of Discovery Communications (DISCK) traded down $0.01 during trading on Friday, hitting $23.86. 1,870,159 shares of the stock were exchanged, compared to its average volume of 4,200,000. The firm has a market cap of $9,260.00, a price-to-earnings ratio of 18.79 and a beta of 1.42. Discovery Communications has a 1-year low of $14.99 and a 1-year 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.
Discovery Communications (NASDAQ:DISCK) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. equities analysts expect that Discovery Communications will post 2.17 EPS for the current year.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Discovery Communications by 2.2% in the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock worth $346,312,000 after buying an additional 289,985 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Discovery Communications by 25.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,362,821 shares of the company’s stock worth $149,171,000 after buying an additional 1,484,500 shares in the last quarter. State of Wisconsin Investment Board purchased a new stake in Discovery Communications in the 3rd quarter worth approximately $136,312,000. Thompson Siegel & Walmsley LLC lifted its position in Discovery Communications by 38.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 4,733,199 shares of the company’s stock worth $95,894,000 after buying an additional 1,310,637 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its position in Discovery Communications by 15.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 3,750,499 shares of the company’s stock worth $75,985,000 after buying an additional 513,183 shares in the last quarter. Institutional investors and hedge funds own 47.86% 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.
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