Discovery Communications Inc. (DISCK) Shares Up 2.1%
Discovery Communications Inc. (NASDAQ:DISCK) shares shot 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 changing hands. The stock had previously closed at $25.24.
DISCK has been the subject of a number of analyst reports. Topeka Capital Markets downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating and lowered their price target for the company from $37.00 to $30.00 in a report on Monday, April 25th. Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, May 17th.
The firm has a market capitalization of $10.83 billion and a PE ratio of 14.09. The company’s 50-day moving average price is $24.74 and its 200 day moving average price is $25.92.
An institutional investor recently raised its position in Discovery Communications stock. Employees Retirement System of Texas increased its position in Discovery Communications Inc. (NASDAQ:DISCK) by 1,204.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,400 shares of the company’s stock after buying an additional 120,400 shares during the period. Employees Retirement System of Texas’ holdings in Discovery Communications were worth $3,289,000 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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