Discovery Communications Inc. (NASDAQ:DISCK) saw an uptick in trading volume on Thursday . 1,542,709 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 1,933,461 shares.The stock last traded at $24.59 and had previously closed at $24.52.

A number of equities analysts have commented on DISCK shares. Topeka Capital Markets downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating and cut their price objective for the stock from $37.00 to $30.00 in a research report on Monday, April 25th. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd.

The stock has a market capitalization of $10.59 billion and a P/E ratio of 15.20. The company has a 50-day moving average price of $25.00 and a 200 day moving average price of $26.02.

Several hedge funds recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in Discovery Communications by 1.4% in the fourth quarter. Swiss National Bank now owns 496,274 shares of the company’s stock worth $12,516,000 after buying an additional 7,000 shares during the last quarter. Sei Investments Co. increased its stake in Discovery Communications by 118.7% in the fourth quarter. Sei Investments Co. now owns 317,716 shares of the company’s stock worth $8,013,000 after buying an additional 172,433 shares during the last quarter. First Trust Advisors LP increased its stake in Discovery Communications by 17.9% in the fourth quarter. First Trust Advisors LP now owns 178,152 shares of the company’s stock worth $4,493,000 after buying an additional 26,986 shares during the last quarter. TD Asset Management Inc. increased its stake in Discovery Communications by 3.0% in the fourth quarter. TD Asset Management Inc. now owns 176,617 shares of the company’s stock worth $4,454,000 after buying an additional 5,066 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Discovery Communications by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 128,690 shares of the company’s stock worth $3,246,000 after buying an additional 3,526 shares during the last quarter.

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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