Discovery Communications (DISCK) Sees Unusually-High Trading Volume
Discovery Communications, Inc. (NASDAQ:DISCK) saw strong trading volume on Friday . 16,260,884 shares changed hands during trading, an increase of 571% from the previous session’s volume of 2,422,342 shares.The stock last traded at $19.75 and had previously closed at $18.65.
A number of analysts have recently issued reports on DISCK shares. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Morgan Stanley lowered their target price on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.50.
The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The firm has a market cap of $7,012.50, a price-to-earnings ratio of 8.89 and a beta of 1.42.
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.
Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.