Needham & Company LLC reiterated their hold rating on shares of Discovery Communications, Inc. (NASDAQ:DISCA) in a research report sent to investors on Thursday.

Other equities analysts also recently issued reports about the stock. Citigroup Inc. upgraded shares of Discovery Communications from a neutral rating to a buy rating and decreased their price target for the company from $30.00 to $29.00 in a research note on Tuesday, August 1st. Royal Bank Of Canada restated a buy rating and issued a $32.00 price target on shares of Discovery Communications in a research note on Friday, July 14th. 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 research note on Tuesday, August 8th. ValuEngine upgraded shares of Discovery Communications from a hold rating to a buy rating in a research note on Wednesday, October 11th. Finally, Jefferies Group LLC reiterated a hold rating and set a $28.00 price objective on shares of Discovery Communications in a research note on Friday, June 16th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $26.57.

Shares of Discovery Communications (NASDAQ DISCA) opened at 19.24 on Thursday. The firm has a market capitalization of $10.97 billion, a price-to-earnings 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 is $21.33 and its 200 day moving average is $25.03.

Discovery Communications (NASDAQ:DISCA) last released its quarterly 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). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Discovery Communications will post $2.22 earnings per share for the current fiscal year.

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In related news, CFO Gunnar Wiedenfels bought 15,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of $21.70 per share, with a total value of $325,500.00. Following the completion of the acquisition, the chief financial officer now owns 35,000 shares of the company’s stock, valued at $759,500. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director S Decker Anstrom bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average cost of $23.05 per share, with a total value of $230,500.00. The disclosure for this purchase can be found here. Insiders bought 55,000 shares of company stock valued at $1,243,300 in the last three months. Company insiders own 6.81% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Discovery Communications by 437.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after acquiring an additional 3,230 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Discovery Communications in the second quarter worth about $133,000. Ameritas Investment Partners Inc. bought a new position in shares of Discovery Communications in the first quarter worth about $182,000. Horizon Investment Services LLC bought a new position in shares of Discovery Communications in the first quarter worth about $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Discovery Communications by 112.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after acquiring an additional 3,700 shares during the last quarter. 45.83% of the stock is owned by hedge funds and other institutional investors.

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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