Discovery Communications Inc. (NASDAQ:DISCK) saw unusually-strong trading volume on Thursday . Approximately 1,542,709 shares changed hands during 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 research analysts recently issued reports on DISCK shares. Zacks Investment Research cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd. Topeka Capital Markets cut shares of Discovery Communications from a “buy” rating to a “hold” rating and lowered their price target for the company from $37.00 to $30.00 in a research report on Monday, April 25th.

The firm’s 50 day moving average price is $24.95 and its 200-day moving average price is $26.02. The stock has a market capitalization of $10.42 billion and a price-to-earnings ratio of 14.96.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Discovery Communications by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 22,082,351 shares of the company’s stock worth $556,916,000 after buying an additional 682,702 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Discovery Communications by 58.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,140,000 shares of the company’s stock worth $28,750,000 after buying an additional 420,000 shares during the last quarter. Bruni J V & Co. Co. boosted its position in Discovery Communications by 0.8% in the fourth quarter. Bruni J V & Co. Co. now owns 633,404 shares of the company’s stock worth $15,974,000 after buying an additional 5,300 shares during the last quarter. Swiss National Bank boosted its position 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. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in Discovery Communications by 0.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 398,287 shares of the company’s stock worth $9,981,000 after buying an additional 2,459 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.