Discovery Communications (DISCA) Given Hold Rating at Barclays
Several other research firms have also commented on DISCA. Pivotal Research reiterated a sell rating and issued a $27.00 price objective (up previously from $26.00) on shares of Discovery Communications in a research note on Friday, November 9th. MKM Partners increased their price objective on shares of Discovery Communications to $40.00 and gave the company a buy rating in a research note on Monday, November 5th. Zacks Investment Research upgraded shares of Discovery Communications from a hold rating to a buy rating and set a $37.00 price objective for the company in a research note on Tuesday, November 13th. Credit Suisse Group upgraded shares of Discovery Communications from a neutral rating to an outperform rating and increased their price objective for the company from $30.00 to $40.00 in a research note on Wednesday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Discovery Communications to $38.00 and gave the company an overweight rating in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $32.79.
NASDAQ:DISCA opened at $28.93 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $15.26 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.41 and a beta of 1.24. Discovery Communications has a 52 week low of $19.11 and a 52 week high of $34.89.
In other news, insider David Leavy sold 39,278 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.65, for a total transaction of $1,243,148.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce Campbell sold 31,462 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $30.00, for a total transaction of $943,860.00. Following the sale, the insider now owns 72,256 shares of the company’s stock, valued at approximately $2,167,680. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,031 shares of company stock valued at $8,506,185. 6.73% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Discovery Communications in the 3rd quarter worth approximately $122,000. Dupont Capital Management Corp boosted its holdings in Discovery Communications by 108.8% in the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock worth $165,000 after buying an additional 3,132 shares during the period. FNY Investment Advisers LLC bought a new position in Discovery Communications in the 3rd quarter worth approximately $172,000. Chicago Equity Partners LLC bought a new position in Discovery Communications in the 3rd quarter worth approximately $200,000. Finally, Engineers Gate Manager LP bought a new position in Discovery Communications in the 3rd quarter worth approximately $202,000. Institutional investors own 41.80% of the company’s stock.
About Discovery Communications
Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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