Discovery Communications Inc. (DISCK) Trading 2.1% Higher
Shares of Discovery Communications Inc. (NASDAQ:DISCK) traded up 2.1% during trading on Wednesday . The stock traded as high as $25.81 and last traded at $25.78, with a volume of 951,608 shares trading hands. The stock had previously closed at $25.24.
Several analysts have commented on the stock. Topeka Capital Markets cut shares of Discovery Communications from a “buy” rating to a “hold” rating and decreased their price objective for the company from $37.00 to $30.00 in a research note on Monday, April 25th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th.
The stock’s 50-day moving average is $24.56 and its 200-day moving average is $25.92. The stock has a market capitalization of $10.84 billion and a PE ratio of 14.10.
An institutional investor recently raised its position in Discovery Communications stock. Andra AP fonden increased its stake in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,300 shares of the company’s stock after buying an additional 1,800 shares during the period. Andra AP fonden’s holdings in Discovery Communications were worth $2,076,000 at the end of the most recent reporting period.
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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