Discovery Communications (NASDAQ:DISCA) was downgraded by investment analysts at Pivotal Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, January 9th, Marketbeat.com reports. They currently have a $25.00 target price on the stock, down from their prior target price of $26.00. Pivotal Research’s target price indicates a potential upside of 5.00% from the company’s previous close.
A number of other equities analysts have also recently issued reports on DISCA. Royal Bank of Canada restated a “buy” rating and issued a $29.00 target price on shares of Discovery Communications in a report on Friday, October 20th. Credit Suisse Group upgraded Discovery Communications from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $22.00 in a report on Thursday, September 14th. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Macquarie upgraded Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Bank of America upgraded Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.44.
Shares of Discovery Communications (NASDAQ:DISCA) traded down $1.47 during mid-day trading on Tuesday, hitting $23.81. The stock had a trading volume of 7,815,395 shares, compared to its average volume of 5,470,000. Discovery Communications has a one year low of $15.99 and a one year high of $30.25. The firm has a market cap of $8,860.00, a PE ratio of 18.75, a PEG ratio of 1.21 and a beta of 1.59. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.
In related news, Director John C. Malone purchased 332,523 shares of Discovery Communications stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the transaction, the director now directly owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruce Campbell sold 15,976 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total value of $343,484.00. Following the completion of the sale, the insider now directly owns 85,298 shares of the company’s stock, valued at approximately $1,833,907. The disclosure for this sale can be found here. 6.81% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in shares of Discovery Communications by 437.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after purchasing an additional 3,230 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Discovery Communications in the fourth quarter worth about $167,000. Flossbach Von Storch AG bought a new position in shares of Discovery Communications in the third quarter worth about $208,000. OLD National Bancorp IN bought a new position in shares of Discovery Communications in the third quarter worth about $222,000. Finally, Advisor Group Inc. increased its stake in shares of Discovery Communications by 27.7% in the second quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock worth $235,000 after purchasing an additional 1,975 shares during the period. 48.25% of the stock is owned by institutional investors.
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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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