Discovery Communications, Inc. (NASDAQ:DISCA) hit a new 52-week low during trading on Tuesday . The stock traded as low as $21.69 and last traded at $21.68, with a volume of 1,177,488 shares. The stock had previously closed at $22.16.

DISCA has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating on shares of Discovery Communications in a report on Friday, May 12th. TheStreet lowered shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Thursday, May 18th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Moffett Nathanson restated a “sell” rating on shares of Discovery Communications in a research report on Friday, June 9th. Finally, Royal Bank Of Canada set a $32.00 price target on shares of Discovery Communications and gave the stock a “buy” rating in a research report on Monday, June 12th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.27.

The company has a market cap of $12.30 billion, a price-to-earnings ratio of 11.45 and a beta of 1.59. The company’s 50-day moving average is $24.14 and its 200-day moving average is $26.54.

Discovery Communications (NASDAQ:DISCA) last posted its 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. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. On average, equities analysts predict that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

In other Discovery Communications news, insider Bruce Campbell sold 9,283 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul J. Guagliardo purchased 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the purchase, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in DISCA. Tower Research Capital LLC TRC increased its holdings in Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after buying an additional 3,230 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Discovery Communications by 5.8% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock valued at $106,000 after buying an additional 215 shares during the period. Daiwa Securities Group Inc. raised its holdings in Discovery Communications by 24.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock valued at $132,000 after buying an additional 900 shares during the period. Ballentine Partners LLC purchased a new stake in Discovery Communications during the 2nd quarter valued at $133,000. Finally, Acadian Asset Management LLC purchased a new stake in Discovery Communications during the 1st quarter valued at $134,000. Hedge funds and other institutional investors own 45.85% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/05/discovery-communications-inc-disca-sets-new-52-week-low-at-21-69.html.

About Discovery Communications

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.