Discovery Communications Inc. (DISCA) Earns Hold Rating from Needham & Company LLC
Other equities research analysts also recently issued research reports about the company. Argus reissued a buy rating and issued a $40.00 target price on shares of Discovery Communications in a report on Monday, August 15th. Zacks Investment Research raised Discovery Communications from a hold rating to a buy rating and set a $29.00 target price for the company in a report on Wednesday, July 27th. Pivotal Research reissued a buy rating on shares of Discovery Communications in a report on Monday, August 1st. Moffett Nathanson downgraded Discovery Communications from a neutral rating to a sell rating and reduced their target price for the company from $31.00 to $21.00 in a report on Tuesday, September 27th. Finally, Jefferies Group reissued a hold rating on shares of Discovery Communications in a report on Monday, August 29th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $30.15.
Discovery Communications (NASDAQ:DISCA) opened at 25.29 on Thursday. The firm has a market cap of $10.57 billion, a PE ratio of 13.75 and a beta of 1.59. Discovery Communications has a 12 month low of $23.66 and a 12 month high of $31.80. The stock’s 50 day moving average is $25.81 and its 200 day moving average is $26.51.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm earned $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Discovery Communications will post $1.97 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares during the period. Pacer Advisors Inc. increased its stake in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares during the period. Advisor Group Inc. purchased a new stake in shares of Discovery Communications during the second quarter worth $116,000. Creative Planning increased its stake in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares during the period. Finally, Euclid Advisors LLC increased its stake in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares during the period. 40.65% of the stock is currently owned by institutional investors.
Discovery Communications Company Profile
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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