Discovery Communications (DISCA) Getting Somewhat Favorable Media Coverage, Accern Reports
Press coverage about Discovery Communications (NASDAQ:DISCA) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Discovery Communications earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5584110105022 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Today's Bell Ringer, January 24, 2018 (finance.yahoo.com)
- Opening Bell, January 24, 2018 (finance.yahoo.com)
- Hot Tickers: Discovery Communications, Inc. (DISCA), New York Community Bancorp, Inc. (NYCB) – Market Movers (financialqz.com)
- Tuesday Sector Laggards: Materials, Services – Nasdaq (nasdaq.com)
- Discovery Communications, Inc. (Nasdaq: DISCA) to Ring The Nasdaq Stock Market Opening Bell – GlobeNewswire (press release) (globenewswire.com)
DISCA has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $29.00 price objective on shares of Discovery Communications in a report on Friday, October 20th. Zacks Investment Research cut shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Bank of America raised shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, December 21st. Needham & Company LLC reissued a “hold” rating on shares of Discovery Communications in a report on Thursday, October 12th. Finally, Deutsche Bank cut their price objective on shares of Discovery Communications from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.44.
Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. analysts expect that Discovery Communications will post 1.95 earnings per share for the current fiscal year.
In other news, Director John C. Malone acquired 332,523 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the transaction, the director now directly owns 671,095 shares in the company, valued at approximately $13,233,993.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the transaction, the chief financial officer now owns 50,000 shares in the company, valued at $772,500. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 527,523 shares of company stock worth $9,629,104. Insiders own 6.81% 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.
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