Discovery Communications Inc. (DISCA) Given “Hold” Rating at Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Discovery Communications Inc. (NASDAQ:DISCA) in a research report sent to investors on Friday. They currently have a $30.00 price target on the stock, down from their previous price target of $32.00.
Other analysts also recently issued research reports about the company. TheStreet downgraded Discovery Communications from a b- rating to a c+ rating in a research note on Thursday, May 18th. MKM Partners restated a neutral rating and issued a $30.00 price target (up previously from $27.00) on shares of Discovery Communications in a research note on Tuesday, May 2nd. Cowen and Company restated a hold rating and issued a $29.00 price target on shares of Discovery Communications in a research note on Tuesday, July 11th. Royal Bank Of Canada set a $32.00 price target on Discovery Communications and gave the stock a buy rating in a research note on Monday, June 12th. Finally, BidaskClub downgraded Discovery Communications from a hold rating to a sell rating in a research note on Friday, June 23rd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $28.63.
Shares of Discovery Communications (DISCA) traded up 0.69% on Friday, hitting $26.40. The company had a trading volume of 2,750,071 shares. The firm’s 50 day moving average price is $26.04 and its 200-day moving average price is $27.64. The stock has a market capitalization of $11.70 billion, a PE ratio of 13.81 and a beta of 1.60. Discovery Communications has a 52 week low of $23.95 and a 52 week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share 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 analysts’ expectations of $1.63 billion. Discovery Communications had a return on equity of 10.93% and a net margin of 13.70%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. Analysts forecast that Discovery Communications will post $2.26 earnings per share for the current fiscal year.
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In other news, insider Bruce Campbell sold 9,283 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $26.43, for a total transaction of $245,349.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul A. Gould sold 8,832 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $25.98, for a total value of $229,455.36. Following the transaction, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. The disclosure for this sale can be found here. 5.78% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its position in Discovery Communications by 12.9% in the fourth quarter. Comerica Bank now owns 46,435 shares of the company’s stock valued at $1,272,000 after buying an additional 5,305 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Discovery Communications by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,397 shares of the company’s stock worth $28,412,000 after buying an additional 7,468 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Discovery Communications during the fourth quarter worth approximately $237,000. Janus Capital Management LLC boosted its position in shares of Discovery Communications by 30.5% in the fourth quarter. Janus Capital Management LLC now owns 19,706 shares of the company’s stock worth $540,000 after buying an additional 4,606 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Discovery Communications by 641.5% in the fourth quarter. Two Sigma Investments LP now owns 38,988 shares of the company’s stock worth $1,069,000 after buying an additional 46,188 shares in the last quarter. 44.21% of the stock is currently owned by hedge funds and other 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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