Discovery Communications, Inc. (NASDAQ:DISCA) had its price objective lowered by Barclays PLC from $25.00 to $18.00 in a research report sent to investors on Friday. The brokerage currently has an underweight rating on the stock.

DISCA has been the topic of a number of other reports. Pivotal Research upgraded shares of Discovery Communications from a hold rating to a buy rating and set a $28.00 price target on the stock in a report on Tuesday, August 8th. MKM Partners reiterated a neutral rating and issued a $26.00 price target (down from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. UBS AG upgraded shares of Discovery Communications from a sell rating to a neutral rating and reduced their price target for the company from $25.00 to $23.00 in a report on Tuesday, September 26th. Royal Bank Of Canada reduced their price target on shares of Discovery Communications from $32.00 to $29.00 and set an outperform rating on the stock in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of Discovery Communications from a hold rating to a buy rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. Discovery Communications has an average rating of Hold and a consensus target price of $26.57.

Discovery Communications (NASDAQ DISCA) traded down 0.21% on Friday, reaching $19.24. The company had a trading volume of 5,120,992 shares. The stock has a market capitalization of $10.97 billion, a PE ratio of 10.21 and a beta of 1.56. Discovery Communications has a 12-month low of $19.01 and a 12-month high of $30.25. The stock’s 50 day moving average price is $21.37 and its 200-day moving average price is $25.07.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities analysts expect that Discovery Communications will post $2.22 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Discovery Communications, Inc. (DISCA) Price Target Cut to $18.00 by Analysts at Barclays PLC” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/10/14/discovery-communications-inc-disca-price-target-cut-to-18-00-by-analysts-at-barclays-plc.html.

In other news, CFO Gunnar Wiedenfels purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $460,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Guagliardo purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares in the company, valued at approximately $227,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 55,000 shares of company stock worth $1,243,300. Insiders own 6.81% of the company’s stock.

A number of large investors have recently modified their holdings of DISCA. BlackRock Inc. grew its holdings in Discovery Communications by 2,394.5% during the 1st quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock valued at $271,875,000 after purchasing an additional 8,971,338 shares during the last quarter. FMR LLC grew its holdings in Discovery Communications by 32.7% during the 2nd quarter. FMR LLC now owns 4,938,569 shares of the company’s stock valued at $127,563,000 after purchasing an additional 1,216,517 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Discovery Communications by 5.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after purchasing an additional 917,632 shares during the last quarter. Vanguard Group Inc. grew its holdings in Discovery Communications by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after purchasing an additional 858,015 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in Discovery Communications during the 2nd quarter valued at about $14,672,000. Institutional investors own 45.84% of the company’s stock.

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)

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.