Discovery Communications (DISCA) Upgraded at Moffett Nathanson

Discovery Communications (NASDAQ:DISCA) was upgraded by investment analysts at Moffett Nathanson from a “sell” rating to a “neutral” rating in a research report issued on Tuesday.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Macquarie raised shares of 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. Bank of America raised shares of 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. Deutsche Bank dropped their target price on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, November 30th. Finally, BidaskClub raised shares of Discovery Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.44.

Shares of Discovery Communications (NASDAQ DISCA) traded down $0.18 during trading hours on Tuesday, reaching $23.86. 2,951,900 shares of the company’s stock traded hands, compared to its average volume of 5,184,178. 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 52-week low of $15.99 and a 52-week high of $30.25. The company has a market cap of $8,830.00, a PE ratio of 18.79, a PEG ratio of 1.21 and a beta of 1.59.

In other news, Director John C. Malone purchased 332,523 shares of Discovery Communications stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average price of $19.72 per share, for a total transaction of $6,557,353.56. Following the transaction, the director now owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce Campbell sold 3,047 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total transaction of $55,363.99. Following the sale, the insider now owns 43,173 shares in the company, valued at approximately $784,453.41. The disclosure for this sale can be found here. Corporate insiders own 6.81% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DISCA. Sentry Investment Management LLC lifted its stake in Discovery Communications by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after purchasing an additional 123 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Discovery Communications by 10.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,983 shares of the company’s stock valued at $361,000 after purchasing an additional 1,316 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in Discovery Communications by 3.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 57,549 shares of the company’s stock valued at $1,288,000 after purchasing an additional 2,140 shares during the last quarter. Addenda Capital Inc. lifted its stake in Discovery Communications by 2.2% in the 4th quarter. Addenda Capital Inc. now owns 112,457 shares of the company’s stock valued at $2,414,000 after purchasing an additional 2,439 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Discovery Communications by 0.5% in the 4th quarter. Swiss National Bank now owns 567,288 shares of the company’s stock valued at $12,696,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 47.37% of the company’s stock.

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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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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