Discovery Communications, Inc. (DISCA) Given Consensus Recommendation of “Hold” by Brokerages

Discovery Communications, Inc. (DISCA) Given Consensus Recommendation of “Hold” by Brokerages

Discovery Communications, Inc. (NASDAQ:DISCA) has received an average recommendation of “Hold” from the twenty-three research firms that are currently covering the firm. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.63.

A number of equities analysts recently commented on DISCA shares. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Barclays PLC downgraded Discovery Communications from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 5th. Barrington Research downgraded Discovery Communications from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 29th. Argus downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Finally, Nomura decreased their price target on Discovery Communications from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, October 3rd.

Discovery Communications (NASDAQ:DISCA) traded down 0.14% during trading on Friday, reaching $27.86. The company’s stock had a trading volume of 527,776 shares. The firm has a 50 day moving average of $28.01 and a 200 day moving average of $26.57. Discovery Communications has a 52 week low of $23.66 and a 52 week high of $29.75. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 15.75 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.02. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Analysts expect that Discovery Communications will post $1.91 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Discovery Communications by 0.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,800 shares of the company’s stock valued at $893,000 after buying an additional 42 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Discovery Communications by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 14,807 shares of the company’s stock valued at $399,000 after buying an additional 46 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Discovery Communications by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,700 shares of the company’s stock valued at $369,000 after buying an additional 50 shares during the last quarter. Advantus Capital Management Inc boosted its position in Discovery Communications by 0.8% in the second quarter. Advantus Capital Management Inc now owns 14,727 shares of the company’s stock valued at $372,000 after buying an additional 123 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in Discovery Communications by 1.2% in the third quarter. Profund Advisors LLC now owns 12,093 shares of the company’s stock valued at $326,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 41.95% of the company’s stock.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

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