Royal Bank Of Canada restated their buy rating on shares of Discovery Communications Inc. (NASDAQ:DISCA) in a report released on Friday. They currently have a $32.00 price objective on the stock.

Several other equities research analysts also recently issued reports on the company. Cowen and Company reaffirmed a hold rating and set a $29.00 price target on shares of Discovery Communications in a report on Tuesday, July 11th. ValuEngine downgraded Discovery Communications from a buy rating to a hold rating in a report on Friday, June 2nd. Moffett Nathanson reaffirmed a sell rating on shares of Discovery Communications in a report on Friday, June 9th. FBR & Co reaffirmed a hold rating and set a $30.00 price target on shares of Discovery Communications in a report on Friday, April 7th. Finally, TheStreet raised Discovery Communications from a c+ rating to a b- rating in a report on Thursday, April 20th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of $28.63.

Shares of Discovery Communications (NASDAQ DISCA) traded up 0.69% during mid-day trading on Friday, hitting $26.40. 2,750,071 shares of the stock were exchanged. The company has a market capitalization of $11.70 billion, a PE ratio of 13.81 and a beta of 1.60. The firm has a 50-day moving average price of $26.04 and a 200 day moving average price of $27.64. Discovery Communications has a 12-month low of $23.95 and a 12-month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Discovery Communications had a net margin of 13.70% and a return on equity of 10.93%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities research analysts expect that Discovery Communications will post $2.26 earnings per share for the current year.

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In related news, Director Paul A. Gould sold 8,832 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the transaction, the director now owns 188,676 shares in the company, valued at $4,901,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 9,283 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $26.43, for a total value of $245,349.69. The disclosure for this sale can be found here. 5.78% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DISCA. Martingale Asset Management L P boosted its position in shares of Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock worth $598,000 after buying an additional 52 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Discovery Communications by 0.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after buying an additional 103 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock worth $442,000 after buying an additional 130 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock worth $330,000 after buying an additional 145 shares during the last quarter. Finally, American International Group Inc. boosted its position in shares of Discovery Communications by 0.3% in the first quarter. American International Group Inc. now owns 73,984 shares of the company’s stock worth $2,152,000 after buying an additional 192 shares during the last quarter. Institutional investors own 44.21% of the company’s stock.

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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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