Barclays Reiterates “Hold” Rating for Discovery Communications (DISCA)

Discovery Communications (NASDAQ:DISCA)‘s stock had its “hold” rating restated by analysts at Barclays in a research report issued on Tuesday.

Several other equities analysts have also recently issued reports on the company. Imperial Capital dropped their target price on Discovery Communications from $37.00 to $31.00 and set an “inline” rating on the stock in a research report on Tuesday. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, November 27th. Citigroup boosted their target price on Discovery Communications from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Cannonball Research cut Discovery Communications to a “hold” rating and set a $33.00 target price on the stock. in a research report on Monday, November 19th. Finally, MKM Partners boosted their target price on Discovery Communications from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.79.

Shares of DISCA stock opened at $27.98 on Tuesday. The stock has a market capitalization of $14.65 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.39 and a beta of 1.24. Discovery Communications has a 52-week low of $19.03 and a 52-week high of $34.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.01 and a current ratio of 1.01.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.60 billion. Discovery Communications had a negative net margin of 8.52% and a positive return on equity of 17.05%. The business’s revenue was up 57.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that Discovery Communications will post 2.67 EPS for the current fiscal year.

In related news, insider Jean-Briac Perrette sold 93,392 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $31.12, for a total value of $2,906,359.04. Following the sale, the insider now owns 141,534 shares in the company, valued at approximately $4,404,538.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Savalle Sims sold 1,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $28.21, for a total value of $46,997.86. Following the completion of the sale, the general counsel now owns 208 shares in the company, valued at approximately $5,867.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,031 shares of company stock worth $8,506,185. Insiders own 6.73% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Discovery Communications by 199.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock worth $1,541,300,000 after purchasing an additional 33,804,647 shares during the period. FMR LLC increased its holdings in shares of Discovery Communications by 7.6% during the 3rd quarter. FMR LLC now owns 11,974,666 shares of the company’s stock worth $383,189,000 after buying an additional 841,302 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Discovery Communications by 14.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,180,315 shares of the company’s stock worth $69,767,000 after buying an additional 274,033 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Discovery Communications by 8.1% during the 2nd quarter. Northern Trust Corp now owns 2,013,314 shares of the company’s stock worth $55,366,000 after buying an additional 150,291 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Discovery Communications by 0.5% during the 2nd quarter. Strs Ohio now owns 1,685,726 shares of the company’s stock worth $46,357,000 after buying an additional 8,647 shares during the last quarter. Institutional investors and hedge funds own 41.80% of the company’s stock.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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