BidaskClub downgraded shares of Discovery Communications (NASDAQ:DISCK) from a buy rating to a hold rating in a research note published on Friday, March 9th.
Several other research firms also recently commented on DISCK. Zacks Investment Research upgraded Discovery Communications from a strong sell rating to a hold rating in a report on Tuesday, January 9th. ValuEngine downgraded Discovery Communications from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Morgan Stanley boosted their price target on Discovery Communications from $22.00 to $29.00 and gave the company an equal weight rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus price target of $29.00.
Discovery Communications (NASDAQ DISCK) traded down $0.03 during trading on Friday, hitting $21.58. The stock had a trading volume of 7,538,971 shares, compared to its average volume of 6,787,893. Discovery Communications has a 52-week low of $14.99 and a 52-week high of $29.18. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $8,253.01, a price-to-earnings ratio of -35.97 and a beta of 1.41.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $1.86 billion during the quarter. Discovery Communications had a positive return on equity of 21.68% and a negative net margin of 4.90%.
A number of hedge funds and other institutional investors have recently made changes to their positions in DISCK. Nationwide Fund Advisors raised its stake in Discovery Communications by 30.0% during the 3rd quarter. Nationwide Fund Advisors now owns 408,245 shares of the company’s stock valued at $8,271,000 after buying an additional 94,170 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Discovery Communications by 15.6% in the 3rd quarter. First Trust Advisors LP now owns 161,869 shares of the company’s stock worth $3,279,000 after purchasing an additional 21,887 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Discovery Communications in the 3rd quarter worth $399,000. Stevens Capital Management LP purchased a new stake in shares of Discovery Communications in the 3rd quarter worth $405,000. Finally, Prudential Financial Inc. increased its stake in shares of Discovery Communications by 207.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock worth $52,437,000 after purchasing an additional 1,745,767 shares in the last quarter. Institutional investors own 52.95% 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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