Shares of Discovery Communications, Inc. (NASDAQ:DISCK) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.24 and last traded at $15.93, with a volume of 2792800 shares. The stock had previously closed at $16.12.

DISCK has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Thursday, July 20th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Morgan Stanley cut 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. Finally, Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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 company has a market cap of $6,030.00, a price-to-earnings ratio of 7.75 and a beta of 1.41.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of Discovery Communications by 56.0% in the 3rd quarter. Janus Henderson Group PLC now owns 95,015 shares of the company’s stock valued at $1,925,000 after purchasing an additional 34,092 shares in the last quarter. Cowen Inc. acquired a new stake in shares of Discovery Communications in the 3rd quarter valued at approximately $10,531,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Discovery Communications by 39.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 184,093 shares of the company’s stock worth $3,730,000 after buying an additional 51,684 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Discovery Communications by 40.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 59,243 shares of the company’s stock worth $1,205,000 after buying an additional 17,200 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Discovery Communications during the 3rd quarter worth approximately $284,000. Institutional investors own 48.16% of the company’s stock.

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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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