Discovery Communications, Inc. (DISCK) Reaches New 52-Week Low at $21.69
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) reached a new 52-week low on Tuesday . The company traded as low as $21.69 and last traded at $21.68, with a volume of 830,230 shares trading hands. The stock had previously closed at $21.75.
A number of research firms recently weighed in on DISCK. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. TheStreet downgraded Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $29.00.
The stock has a market cap of $12.33 billion, a P/E ratio of 11.47 and a beta of 1.47. The company has a 50 day moving average price of $24.59 and a 200-day moving average price of $26.34.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. The business had revenue of $1.75 billion during the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. Analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in DISCK. BB&T Investment Services Inc. purchased a new stake in Discovery Communications during the second quarter worth about $102,000. Fiduciary Trust Co. purchased a new stake in Discovery Communications during the second quarter worth about $160,000. Meeder Asset Management Inc. purchased a new stake in Discovery Communications during the first quarter worth about $178,000. Daiwa Securities Group Inc. boosted its stake in Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock worth $180,000 after buying an additional 950 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock worth $187,000 after buying an additional 6,039 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.
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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