Discovery Communications Inc. (NASDAQ:DISCK) fell 1.6% during mid-day trading on Friday . The company traded as low as $24.03 and last traded at $24.32, with a volume of 1,195,042 shares changing hands. The stock had previously closed at $24.72.

A number of research firms recently issued reports on DISCK. Topeka Capital Markets downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating and lowered their target price for the company from $37.00 to $30.00 in a report on Monday, April 25th. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd.

The stock has a 50 day moving average of $24.95 and a 200-day moving average of $26.02. The firm has a market capitalization of $10.42 billion and a P/E ratio of 14.96.

Other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 in the last quarter. State of New Jersey Common Pension Fund D raised 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 in the last quarter. Bruni J V & Co. Co. raised 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 in the last quarter. Swiss National Bank raised 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 in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised 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 in 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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