Discovery Communications, Inc. (DISCK) Hits New 12-Month Low at $20.46
Discovery Communications, Inc. (NASDAQ:DISCK) hit a new 52-week low during mid-day 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 several research reports. BidaskClub cut shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet cut shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of 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. Finally, Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.00.
The firm’s 50 day moving average is $22.63 and its 200-day moving average is $25.60. The company has a market capitalization of $11.76 billion, a PE ratio of 10.94 and a beta of 1.46.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. The business had revenue of $1.75 billion for the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. On average, equities analysts forecast that Discovery Communications, Inc. will post $2.24 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. acquired a new position in shares of Discovery Communications in the second quarter valued at approximately $102,000. Meeder Asset Management Inc. acquired a new position in shares of Discovery Communications in the first quarter valued at approximately $178,000. Fiduciary Trust Co. acquired a new position in shares of Discovery Communications in the second quarter valued at approximately $160,000. Daiwa Securities Group Inc. increased its stake in shares of Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock valued at $180,000 after buying an additional 950 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock valued at $187,000 after buying an additional 6,039 shares during the period. 45.30% of the stock is owned by institutional investors.
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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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