Discovery Communications’ (DISCA) “Hold” Rating Reiterated at Needham & Company LLC
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.
COPYRIGHT VIOLATION WARNING: “Discovery Communications’ (DISCA) “Hold” Rating Reiterated at Needham & Company LLC” was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/discovery-communications-disca-hold-rating-reiterated-at-needham-company-llc/1633923.html.
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.
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 Analyst Ratings Network's FREE daily email newsletter.