Discovery Communications Inc. (DISCA) Shares Up 2%
Shares of Discovery Communications Inc. (NASDAQ:DISCA) shot up 2% during mid-day trading on Wednesday . The company traded as high as $27.00 and last traded at $26.88, with a volume of 2,259,817 shares traded. The stock had previously closed at $26.35.
A number of research firms have issued reports on DISCA. JPMorgan Chase & Co. reissued a “hold” rating on shares of Discovery Communications in a research report on Saturday, July 9th. MKM Partners raised their target price on Discovery Communications from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, May 6th. FBR & Co reissued a “hold” rating on shares of Discovery Communications in a research report on Friday, May 6th. Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Barrington Research raised Discovery Communications from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research report on Friday, May 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Hold” and an average target price of $30.40.
The stock has a market capitalization of $11.22 billion and a PE ratio of 14.59. The stock has a 50 day moving average of $25.70 and a 200 day moving average of $26.83.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. The company earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, equities research analysts forecast that Discovery Communications Inc. will post $1.98 EPS for the current year.
An institutional investor recently bought a new position in Discovery Communications stock. Trexquant Investment LP acquired a new position in shares of Discovery Communications Inc. (NASDAQ:DISCA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 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.
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