Pivotal Research lowered shares of Discovery Communications (NASDAQ:DISCA) from a buy rating to a hold rating in a research report report published on Tuesday, MarketBeat Ratings reports. Pivotal Research currently has $25.00 price objective on the stock, down from their prior price objective of $26.00.

Several other research analysts have also weighed in on the company. BidaskClub lowered Discovery Communications from a buy rating to a hold rating in a research report on Saturday, January 6th. Wells Fargo & Co reissued a market perform rating and issued a $25.00 price objective (up from $18.00) on shares of Discovery Communications in a research report on Thursday, January 4th. Barrington Research raised Discovery Communications from a market perform rating to an outperform rating and set a $30.00 price objective for the company in a research report on Tuesday, January 2nd. Macquarie raised Discovery Communications from a neutral rating to an outperform rating and set a $26.00 price objective for the company in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered Discovery Communications from a buy rating to a hold rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $24.17.

Shares of Discovery Communications (NASDAQ DISCA) traded up $0.32 during trading hours on Tuesday, reaching $24.33. The company had a trading volume of 4,081,800 shares, compared to its average volume of 6,453,078. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The company has a market cap of $8,800.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.10 and a beta of 1.56.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted $0.47 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. equities analysts anticipate that Discovery Communications will post 1.94 earnings per share for the current fiscal year.

In related news, CFO Gunnar Wiedenfels purchased 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the purchase, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $772,500. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director J David Wargo purchased 100,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $15.76 per share, with a total value of $1,576,000.00. Following the purchase, the director now directly owns 147,591 shares in the company, valued at approximately $2,326,034.16. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 527,523 shares of company stock valued at $9,629,104. 6.81% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Beach Investment Management LLC. purchased a new position in shares of Discovery Communications in the 2nd quarter worth approximately $254,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Discovery Communications by 17.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 563,742 shares of the company’s stock worth $14,562,000 after buying an additional 82,427 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Discovery Communications by 19.5% in the 2nd quarter. Victory Capital Management Inc. now owns 49,655 shares of the company’s stock worth $1,283,000 after buying an additional 8,100 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Discovery Communications by 1.5% in the 2nd quarter. Utah Retirement Systems now owns 27,643 shares of the company’s stock worth $714,000 after buying an additional 400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Discovery Communications by 0.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock worth $616,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 48.12% of the company’s stock.

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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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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