Discovery Communications, Inc. (DISCA) Given Average Rating of “Hold” by Brokerages
Discovery Communications, Inc. (NASDAQ:DISCA) has earned an average recommendation of “Hold” from the twenty-three analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.57.
A number of research firms recently commented on DISCA. MKM Partners reissued a “neutral” rating and issued a $26.00 price target (down from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Pivotal Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, August 8th. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Royal Bank Of Canada lowered their price target on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of Discovery Communications in a report on Tuesday, September 12th.
Discovery Communications (NASDAQ DISCA) traded down 0.15% on Thursday, hitting $19.60. 975,005 shares of the company traded hands. The firm’s 50 day moving average price is $21.08 and its 200 day moving average price is $24.85. The firm has a market capitalization of $11.17 billion, a PE ratio of 10.40 and a beta of 1.56. Discovery Communications has a 1-year low of $19.01 and a 1-year high of $30.25.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts predict that Discovery Communications will post $2.22 EPS for the current fiscal year.
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In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $23.01 per share, with a total value of $460,200.00. Following the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $460,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Guagliardo acquired 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $22.71 per share, for a total transaction of $227,100.00. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $227,100. The disclosure for this purchase can be found here. Insiders acquired a total of 55,000 shares of company stock worth $1,243,300 in the last ninety days. 6.81% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after acquiring an additional 3,230 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Discovery Communications in the 2nd quarter worth $133,000. Horizon Investment Services LLC purchased a new stake in shares of Discovery Communications in the 1st quarter worth $202,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Discovery Communications by 112.1% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after buying an additional 3,700 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in shares of Discovery Communications in the 2nd quarter worth $209,000. 45.83% of the stock is currently owned by institutional investors.
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.
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