Discovery Communications (NASDAQ:DISCA) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
DISCA has been the subject of several other reports. Royal Bank of Canada restated an “outperform” rating and set a $24.00 price objective (down from $29.00) on shares of Discovery Communications in a research report on Friday, November 3rd. Barrington Research upgraded shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 2nd. Jefferies Group cut their price objective on shares of Discovery Communications from $27.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Bank of America upgraded shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. Discovery Communications currently has a consensus rating of “Hold” and an average target price of $24.44.
Shares of Discovery Communications (NASDAQ:DISCA) opened at $24.01 on Friday. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The stock has a market cap of $8,880.00, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.23 and a beta of 1.59. Discovery Communications has a 1 year low of $15.99 and a 1 year high of $30.25.
In other news, Director John C. Malone acquired 332,523 shares of the stock in a transaction on Wednesday, December 13th. The stock was acquired at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the transaction, the director now directly owns 671,095 shares in the company, valued at $13,233,993.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce Campbell sold 3,047 shares of the business’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 transaction of $55,363.99. Following the transaction, the insider now owns 43,173 shares of the company’s stock, valued at $784,453.41. The disclosure for this sale can be found here. 6.81% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Icon Wealth Partners LLC acquired a new position in Discovery Communications during the fourth quarter valued at approximately $106,000. Delpha Capital Management LLC bought a new stake in shares of Discovery Communications during the fourth quarter worth $149,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Discovery Communications during the fourth quarter worth $167,000. Flossbach Von Storch AG bought a new stake in shares of Discovery Communications during the third quarter worth $208,000. Finally, OLD National Bancorp IN bought a new stake in shares of Discovery Communications during the third quarter worth $222,000. 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.
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