BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCA) from a sell rating to a hold rating in a research note released on Saturday morning.

A number of other analysts have also recently commented on the stock. Deutsche Bank cut their price target on shares of Discovery Communications from $26.00 to $21.00 and set a hold rating on the stock in a research report on Thursday, November 30th. B. Riley dropped their price objective on shares of Discovery Communications from $23.00 to $19.00 and set a neutral rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Discovery Communications from a hold rating to a strong sell rating in a report on Tuesday, November 7th. Credit Suisse Group dropped their price objective on shares of Discovery Communications from $22.00 to $18.00 and set a neutral rating on the stock in a report on Monday, November 6th. Finally, Loop Capital dropped their price objective on shares of Discovery Communications from $25.00 to $21.00 and set a hold rating on the stock in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. Discovery Communications has a consensus rating of Hold and a consensus target price of $23.67.

Shares of Discovery Communications (NASDAQ:DISCA) traded up $1.00 on Friday, reaching $21.04. 16,559,364 shares of the company’s stock were exchanged, compared to its average volume of 6,167,509. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $7,975.30, a PE ratio of 10.12, a P/E/G ratio of 1.19 and a beta of 1.55. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. research analysts forecast that Discovery Communications will post 1.94 EPS for the current fiscal year.

In other Discovery Communications news, Director John C. Malone bought 332,523 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $19.72 per share, for a total transaction of $6,557,353.56. Following the acquisition, the director now directly owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 3,047 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total transaction of $55,363.99. Following the completion of the sale, the insider now owns 43,173 shares in the company, valued at approximately $784,453.41. The disclosure for this sale can be found here. Insiders purchased a total of 527,523 shares of company stock worth $9,629,104 in the last 90 days. 6.81% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Discovery Communications by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock worth $398,758,000 after acquiring an additional 123,603 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after acquiring an additional 858,015 shares during the last quarter. Bank of New York Mellon Corp grew its position in Discovery Communications by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after purchasing an additional 1,297,175 shares in the last quarter. BlackRock Inc. grew its position in Discovery Communications by 2.0% in the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after purchasing an additional 187,781 shares in the last quarter. Finally, State Street Corp grew its position in Discovery Communications by 5.4% in the 2nd quarter. State Street Corp now owns 7,346,135 shares of the company’s stock worth $189,736,000 after purchasing an additional 376,975 shares in the last quarter. Institutional investors own 48.25% 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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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