Discovery Communications Inc. (NASDAQ:DISCA) has been given an average recommendation of “Hold” by the twenty-five research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $24.44.
A number of equities research analysts have recently commented on DISCA shares. 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 upgraded shares of Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Tuesday, January 2nd. Bank of America upgraded shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, December 21st. Deutsche Bank cut their price objective on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Thursday, November 30th. Finally, BidaskClub upgraded shares of Discovery Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 6th.
In other news, insider Bruce Campbell sold 3,047 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $18.17, for a total value of $55,363.99. Following the completion of the transaction, the insider now owns 43,173 shares of the company’s stock, valued at $784,453.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John C. Malone acquired 332,523 shares of the stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $19.72 per share, with a total value of $6,557,353.56. Following the purchase, the director now owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The disclosure for this purchase can be found here. Company insiders own 6.81% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DISCA. Icon Wealth Partners LLC purchased a new position in Discovery Communications in the fourth quarter worth approximately $106,000. Delpha Capital Management LLC purchased a new position in Discovery Communications in the fourth quarter worth approximately $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Discovery Communications in the fourth quarter worth approximately $167,000. Flossbach Von Storch AG purchased a new position in Discovery Communications in the third quarter worth approximately $208,000. Finally, OLD National Bancorp IN purchased a new position in Discovery Communications in the third quarter worth approximately $222,000. 47.37% of the stock is owned by institutional investors and hedge funds.
Shares of Discovery Communications (DISCA) traded up $0.45 during midday trading on Wednesday, hitting $24.31. 4,468,400 shares of the stock were exchanged, compared to its average volume of 5,168,538. The firm has a market capitalization of $9,044.23, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.21 and a beta of 1.57. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25.
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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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