Discovery Communications (NASDAQ:DISCA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.
A number of other equities analysts also recently weighed in on DISCA. Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Wolfe Research began coverage on Discovery Communications in a research report on Friday, December 7th. They issued an “outperform” rating on the stock. Barclays reaffirmed a “hold” rating on shares of Discovery Communications in a research report on Tuesday, December 4th. Finally, Imperial Capital decreased 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, December 4th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $33.03.
Shares of Discovery Communications stock opened at $29.08 on Monday. The stock has a market capitalization of $15.29 billion, a PE ratio of 13.78, a PEG ratio of 0.31 and a beta of 1.38. Discovery Communications has a one year low of $20.59 and a one year 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 Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.07). Discovery Communications had a negative net margin of 8.52% and a positive return on equity of 17.05%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 50.7% on a year-over-year basis. Analysts predict that Discovery Communications will post 3.64 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Karp Capital Management Corp acquired a new stake in shares of Discovery Communications in the 4th quarter valued at about $30,000. Smithfield Trust Co. bought a new position in Discovery Communications in the 4th quarter valued at about $47,000. Rational Advisors LLC lifted its position in Discovery Communications by 26.3% in the 4th quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after acquiring an additional 420 shares in the last quarter. Athena Capital Advisors LLC bought a new position in Discovery Communications in the 4th quarter valued at about $66,000. Finally, Exane Asset Management bought a new position in Discovery Communications in the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 36.14% of the company’s stock.
About Discovery Communications
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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