Zacks: Discovery Communications, Inc. (DISCB) Receives Average Rating of “Hold” from Analysts
Discovery Communications, Inc. (NASDAQ:DISCB) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus price target of $32.00 for the company, according to Zacks. Zacks has also given Discovery Communications an industry rank of 90 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, July 17th.
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Discovery Communications (NASDAQ:DISCB) remained flat at $26.45 during mid-day trading on Thursday. The company had a trading volume of 229 shares. Discovery Communications has a 1-year low of $25.21 and a 1-year high of $30.80. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 14.03 and a beta of 1.58. The company’s 50-day moving average is $27.23 and its 200 day moving average is $27.84.
Discovery Communications (NASDAQ:DISCB) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.75 billion for the quarter. On average, analysts expect that Discovery Communications will post $2.13 EPS for the current year.
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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