Discovery Communications Inc. (NASDAQ:DISCA)’s share price rose 2% during trading on Wednesday . The stock traded as high as $27.00 and last traded at $26.88, with a volume of 2,259,817 shares. The stock had previously closed at $26.35.

A number of brokerages have issued reports on DISCA. FBR & Co upped their target price on Discovery Communications from $29.00 to $32.00 and gave the company a “mkt perform” rating in a research report on Monday, May 9th. Citigroup Inc. lowered Discovery Communications from a “neutral” rating to a “sell” rating and cut their target price for the company from $30.00 to $27.00 in a research report on Wednesday, May 18th. Zacks Investment Research lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $36.00 target price on shares of Discovery Communications in a research report on Monday, June 27th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Discovery Communications in a research report on Friday, June 17th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.40.

The stock has a market capitalization of $11.28 billion and a price-to-earnings ratio of 14.67. The firm’s 50-day moving average is $25.54 and its 200 day moving average is $26.83.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that Discovery Communications Inc. will post $1.98 EPS for the current fiscal year.

An institutional investor recently bought a new position in Discovery Communications stock. Trexquant Investment LP purchased a new stake in Discovery Communications Inc. (NASDAQ:DISCA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,144 shares of the company’s stock, valued at approximately $2,272,000.

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's FREE daily email newsletter.