Discovery Communications, Inc. (DISCK) Shares Gap Up to $15.72
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) gapped up prior to trading on Friday . The stock had previously closed at $15.30, but opened at $15.72. Discovery Communications shares last traded at $16.46, with a volume of 5398904 shares changing hands.
A number of research firms recently commented on DISCK. 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. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, 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 report on Thursday, October 26th. Two investment analysts have 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 currently has a consensus rating of “Hold” and an average price target of $25.50.
The stock has a market cap of $6,160.00, a price-to-earnings ratio of 7.34 and a beta of 1.41. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cadence Capital Management LLC boosted its stake in Discovery Communications by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after purchasing an additional 55 shares during the last quarter. Creative Planning boosted its position in shares of Discovery Communications by 1.0% during the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock valued at $215,000 after acquiring an additional 87 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Discovery Communications by 0.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,866 shares of the company’s stock valued at $1,131,000 after acquiring an additional 128 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Discovery Communications by 5.0% in the 2nd quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock valued at $267,000 after buying an additional 502 shares during the period. Finally, Comerica Bank raised its holdings in Discovery Communications by 0.7% in the 2nd quarter. Comerica Bank now owns 80,264 shares of the company’s stock valued at $2,045,000 after buying an additional 555 shares during the period. 48.16% of the stock is currently owned by institutional investors.
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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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