Shares of Discovery Communications Inc. (NASDAQ:DISCK) have earned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $29.00.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley increased their target price on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st.
Shares of DISCK traded up $0.02 during mid-day trading on Monday, reaching $21.44. The stock had a trading volume of 2,998,769 shares, compared to its average volume of 4,777,887. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.00. Discovery Communications has a 52-week low of $14.99 and a 52-week high of $27.15. The firm has a market capitalization of $11.18 billion, a P/E ratio of 10.15 and a beta of 1.44.
Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.13. Discovery Communications had a negative net margin of 7.40% and a positive return on equity of 19.34%. The firm had revenue of $2.31 billion during the quarter.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Discovery Communications by 40.9% during the first quarter. BlackRock Inc. now owns 19,181,210 shares of the company’s stock worth $374,418,000 after purchasing an additional 5,563,690 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Discovery Communications by 6.7% during the first quarter. State of Wisconsin Investment Board now owns 14,437,410 shares of the company’s stock worth $281,818,000 after purchasing an additional 909,340 shares in the last quarter. Seizert Capital Partners LLC lifted its position in shares of Discovery Communications by 6.1% during the first quarter. Seizert Capital Partners LLC now owns 4,654,778 shares of the company’s stock worth $90,861,000 after purchasing an additional 269,317 shares in the last quarter. CQS Cayman LP lifted its position in shares of Discovery Communications by 91.8% during the first quarter. CQS Cayman LP now owns 3,727,871 shares of the company’s stock worth $72,768,000 after purchasing an additional 1,784,141 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Discovery Communications by 46.3% during the first quarter. Northern Trust Corp now owns 3,550,292 shares of the company’s stock worth $69,301,000 after purchasing an additional 1,124,123 shares in the last quarter. 73.50% of the stock is owned by institutional investors.
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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