Discovery Communications, Inc. (DISCB) Reaches New 1-Year Low at $23.35
Discovery Communications, Inc. (NASDAQ:DISCB) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $23.35 and last traded at $23.35, with a volume of 395 shares. The stock had previously closed at $26.45.
Separately, Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Monday, June 19th.
The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 12.47 and a beta of 1.58. The stock has a 50 day moving average of $27.23 and a 200 day moving average of $27.84.
Discovery Communications (NASDAQ:DISCB) last posted its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company had revenue of $1.75 billion during the quarter. Equities analysts predict that Discovery Communications, Inc. will post $2.13 earnings per share for the current fiscal year.
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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