Barrington Research reiterated their buy rating on shares of DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) in a research note issued to investors on Friday morning. They currently have a $30.00 target price on the stock.

A number of other analysts have also recently issued reports on DISCA. BidaskClub upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a buy rating to a strong-buy rating in a research note on Saturday, June 23rd. Citigroup boosted their price objective on shares of DISCOVERY COMMUNICATIONS INC. Common Stock from $30.00 to $32.00 and gave the stock a buy rating in a research note on Wednesday, August 15th. Imperial Capital initiated coverage on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a research note on Tuesday, June 26th. They issued an outperform rating and a $32.00 price objective for the company. Pivotal Research restated a hold rating and issued a $26.00 price objective on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a buy rating to a hold rating in a research note on Thursday, May 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average price target of $27.15.

NASDAQ DISCA opened at $26.95 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.63 and a beta of 1.45. DISCOVERY COMMUNICATIONS INC. Common Stock has a 12-month low of $15.99 and a 12-month high of $28.78.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last posted its earnings results on Tuesday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.18). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. DISCOVERY COMMUNICATIONS INC. Common Stock had a negative net margin of 8.28% and a positive return on equity of 17.68%. analysts anticipate that DISCOVERY COMMUNICATIONS INC. Common Stock will post 2.74 EPS for the current fiscal year.

In related news, Director John C. Malone bought 1,407,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The shares were acquired at an average price of $23.44 per share, with a total value of $32,980,080.00. Following the completion of the transaction, the director now owns 780,335 shares of the company’s stock, valued at approximately $18,291,052.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.73% of the company’s stock.

A number of hedge funds have recently made changes to their positions in DISCA. Schroder Investment Management Group increased its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 68.7% in the 2nd quarter. Schroder Investment Management Group now owns 1,056,200 shares of the company’s stock valued at $30,080,000 after buying an additional 430,300 shares during the period. California Public Employees Retirement System increased its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 26.4% in the 2nd quarter. California Public Employees Retirement System now owns 359,647 shares of the company’s stock valued at $9,890,000 after buying an additional 75,219 shares during the period. CapWealth Advisors LLC bought a new stake in DISCOVERY COMMUNICATIONS INC. Common Stock in the 2nd quarter valued at $6,423,000. grace capital bought a new stake in DISCOVERY COMMUNICATIONS INC. Common Stock in the 2nd quarter valued at $3,442,000. Finally, Sterling Capital Management LLC increased its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 103.1% in the 2nd quarter. Sterling Capital Management LLC now owns 111,895 shares of the company’s stock valued at $3,077,000 after buying an additional 56,789 shares during the period. 38.20% of the stock is currently owned by institutional investors and hedge funds.

DISCOVERY COMMUNICATIONS INC. Common Stock Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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