Discovery Communications Inc. (DISCA) Lowered to Hold at ValuEngine
ValuEngine lowered shares of Discovery Communications Inc. (NASDAQ:DISCA) from a buy rating to a hold rating in a research report report published on Friday morning.
A number of other equities research analysts have also commented on the company. TheStreet lowered Discovery Communications from a b- rating to a c+ rating in a research report on Thursday, May 18th. Jefferies Group LLC reaffirmed a hold rating on shares of Discovery Communications in a research report on Friday, May 12th. MKM Partners reaffirmed a neutral rating and set a $30.00 price target (up previously from $27.00) on shares of Discovery Communications in a research report on Tuesday, May 2nd. Pivotal Research reaffirmed a hold rating and set a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd. Finally, Citigroup Inc raised Discovery Communications from a sell rating to a neutral rating in a research report on Thursday, April 20th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. Discovery Communications has an average rating of Hold and an average price target of $29.29.
Discovery Communications (DISCA) traded down 0.87% during trading on Friday, reaching $26.26. The company’s stock had a trading volume of 2,151,312 shares. The firm has a market cap of $11.63 billion, a P/E ratio of 13.73 and a beta of 1.60. The stock’s 50 day moving average is $27.12 and its 200-day moving average is $27.86. Discovery Communications has a 52 week low of $23.66 and a 52 week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, equities research analysts forecast that Discovery Communications will post $2.28 earnings per share for the current fiscal year.
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In other Discovery Communications news, Director Paul A. Gould sold 8,832 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the completion of the transaction, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.78% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DISCA. Virtus Investment Advisers Inc. bought a new position in Discovery Communications during the third quarter worth $105,000. Mn Services Vermogensbeheer B.V. increased its position in Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after buying an additional 215 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Discovery Communications during the fourth quarter worth $128,000. Daiwa Securities Group Inc. increased its position in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock worth $132,000 after buying an additional 900 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Discovery Communications during the first quarter worth $134,000. Hedge funds and other institutional investors own 41.96% of the company’s stock.
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.
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