Discovery Communications, Inc. (NASDAQ:DISCA) was downgraded by research analysts at Pivotal Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They currently have a $28.00 price target on the stock, down from their previous price target of $33.00. Pivotal Research’s target price suggests a potential upside of 2.19% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Discovery Communications from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 16th. RBC Capital Markets raised their price objective on shares of Discovery Communications from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, November 16th. Barclays PLC lowered shares of Discovery Communications from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 5th. Moffett Nathanson lowered shares of Discovery Communications from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $31.00 to $21.00 in a report on Tuesday, September 27th. Finally, Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.50.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Shares of Discovery Communications (NASDAQ:DISCA) opened at 27.40 on Thursday. Discovery Communications has a one year low of $23.66 and a one year high of $29.75. The company has a 50-day moving average of $27.95 and a 200-day moving average of $26.34. The company has a market capitalization of $12.52 billion, a PE ratio of 15.49 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. On average, analysts anticipate that Discovery Communications will post $1.91 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in DISCA. 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 valued at $104,000 after buying an additional 381 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Discovery Communications during the third quarter valued at approximately $105,000. 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 valued at $114,000 after buying an additional 160 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Discovery Communications during the second quarter valued at approximately $116,000. Finally, Toronto Dominion Bank increased its stake in shares of Discovery Communications by 433.8% in the third quarter. Toronto Dominion Bank now owns 4,404 shares of the company’s stock valued at $119,000 after buying an additional 3,579 shares during the last quarter. 41.36% of the stock is owned by institutional investors and hedge funds.

About Discovery Communications

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.

5 Day Chart for NASDAQ:DISCA

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