Discovery Communications, Inc. (NASDAQ:DISCA) has earned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.00.

Several brokerages have recently issued reports on DISCA. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a research report on Thursday, May 18th. MKM Partners reiterated a “neutral” rating and set a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday. Cowen and Company reiterated a “hold” rating and set a $29.00 price target on shares of Discovery Communications in a research report on Tuesday, July 11th. Finally, Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a research report on Wednesday, August 2nd.

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Discovery Communications (NASDAQ DISCA) traded up 0.21% during mid-day trading on Friday, reaching $24.30. The company’s stock had a trading volume of 3,261,949 shares. The company has a market capitalization of $13.85 billion, a PE ratio of 12.89 and a beta of 1.59. Discovery Communications has a 1-year low of $23.95 and a 1-year high of $30.25. The firm has a 50 day moving average price of $26.10 and a 200-day moving average price of $27.36.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Discovery Communications will post $2.24 EPS for the current fiscal year.

In other 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 completion of the sale, the director now owns 188,676 shares of the company’s stock, valued at $4,901,802.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Company insiders own 5.78% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock worth $271,875,000 after buying an additional 8,971,338 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Discovery Communications by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company’s stock worth $319,034,000 after buying an additional 1,848,329 shares during the last quarter. Strs Ohio boosted its stake in Discovery Communications by 59,357.5% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company’s stock worth $37,152,000 after buying an additional 1,275,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in Discovery Communications by 5.4% in the first quarter. Vanguard Group Inc. now owns 15,803,301 shares of the company’s stock worth $459,718,000 after buying an additional 803,848 shares during the last quarter. Finally, FMR LLC boosted its stake in Discovery Communications by 22.8% in the first quarter. FMR LLC now owns 3,722,052 shares of the company’s stock worth $108,275,000 after buying an additional 691,746 shares during the last quarter. 44.31% of the stock is owned by institutional investors and hedge funds.

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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