Shares of Discovery Communications Inc. (NASDAQ:DISCA) have received an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.71.
DISCA has been the topic of a number of research analyst reports. Rosenblatt Securities boosted their target price on Discovery Communications from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Sunday, November 10th. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. UBS Group raised their price target on shares of Discovery Communications from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Barrington Research restated a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a research note on Thursday, November 7th. Finally, Wells Fargo & Co began coverage on Discovery Communications in a research report on Monday, September 23rd. They set an “outperform” rating and a $35.00 price objective on the stock.
In other Discovery Communications news, Director John C. Malone purchased 2,670,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $28.03 per share, with a total value of $74,840,100.00. Following the acquisition, the director now directly owns 10,317,937 shares of the company’s stock, valued at $289,211,774.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce Campbell sold 25,000 shares of Discovery Communications stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $33.01, for a total value of $825,250.00. Following the sale, the insider now directly owns 364,219 shares of the company’s stock, valued at $12,022,869.19. The disclosure for this sale can be found here. Insiders have sold 70,570 shares of company stock worth $2,292,705 over the last 90 days. Insiders own 4.43% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Zimmer Partners LP grew its position in shares of Discovery Communications by 92.8% during the third quarter. Zimmer Partners LP now owns 1,759,100 shares of the company’s stock worth $46,845,000 after acquiring an additional 846,600 shares during the last quarter. KCM Investment Advisors LLC increased its stake in Discovery Communications by 14.3% in the third quarter. KCM Investment Advisors LLC now owns 21,308 shares of the company’s stock valued at $567,000 after purchasing an additional 2,673 shares during the period. Lingohr & Partner Asset Management GmbH acquired a new position in Discovery Communications in the third quarter valued at $778,000. Covington Capital Management raised its holdings in shares of Discovery Communications by 106.0% in the third quarter. Covington Capital Management now owns 1,030 shares of the company’s stock valued at $27,000 after buying an additional 530 shares during the last quarter. Finally, Redwood Investment Management LLC raised its holdings in shares of Discovery Communications by 37.4% in the third quarter. Redwood Investment Management LLC now owns 29,203 shares of the company’s stock valued at $778,000 after buying an additional 7,942 shares during the last quarter. 35.39% of the stock is currently owned by institutional investors.
Shares of DISCA stock traded down $0.77 during trading on Tuesday, hitting $31.97. 115,828 shares of the stock traded hands, compared to its average volume of 4,965,603. Discovery Communications has a 52-week low of $23.79 and a 52-week high of $33.65. The firm has a market capitalization of $17.30 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The firm’s fifty day moving average price is $29.63 and its 200-day moving average price is $28.98. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.52 and a quick ratio of 1.52.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.67 billion. Discovery Communications had a return on equity of 23.29% and a net margin of 16.81%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. As a group, equities research analysts expect that Discovery Communications will post 3.67 earnings per share for the current year.
About Discovery Communications
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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