Discovery Communications, Inc. (NASDAQ:DISCK)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $20.46 and last traded at $20.45, with a volume of 1,074,984 shares traded. The stock had previously closed at $20.92.

DISCK has been the subject of a number of analyst reports. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, July 20th. TheStreet downgraded Discovery Communications from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.

The stock’s 50-day moving average price is $22.99 and its 200 day moving average price is $25.74. The firm has a market capitalization of $11.57 billion, a PE ratio of 10.77 and a beta of 1.46.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business had revenue of $1.75 billion for the quarter. On average, analysts anticipate that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Discovery Communications by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock valued at $605,575,000 after purchasing an additional 460,591 shares in the last quarter. BlackRock Inc. grew its stake in Discovery Communications by 2.2% during the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock valued at $346,312,000 after purchasing an additional 289,985 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Discovery Communications by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock valued at $148,192,000 after purchasing an additional 537,357 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Discovery Communications by 42.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock valued at $86,283,000 after purchasing an additional 1,016,006 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its stake in Discovery Communications by 11.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after purchasing an additional 325,593 shares in the last quarter. Hedge funds and other institutional investors own 45.30% of the company’s stock.

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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.