Shares of Discovery Communications Inc. (NASDAQ:DISCA) have earned an average rating of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $36.11.

A number of research firms recently issued reports on DISCA. BidaskClub cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Wolfe Research cut Discovery Communications from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 30th. Finally, Imperial Capital dropped their price objective on Discovery Communications from $30.00 to $29.00 and set an “inline” rating for the company in a report on Tuesday, August 27th.

In related news, General Counsel Savalle Sims sold 3,085 shares of Discovery Communications stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.18, for a total value of $93,105.30. Following the transaction, the general counsel now owns 46,388 shares in the company, valued at approximately $1,399,989.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel E. Sanchez sold 1,059 shares of Discovery Communications stock in a transaction on Monday, August 19th. The stock was sold at an average price of $28.40, for a total transaction of $30,075.60. Following the completion of the transaction, the director now owns 16,789 shares in the company, valued at approximately $476,807.60. The disclosure for this sale can be found here. 4.43% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CSat Investment Advisory L.P. grew its position in Discovery Communications by 89.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 426 shares during the last quarter. Thor Advisors LLC acquired a new stake in shares of Discovery Communications during the 1st quarter valued at about $29,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Discovery Communications during the 2nd quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Discovery Communications by 131.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,013 shares of the company’s stock valued at $31,000 after acquiring an additional 576 shares in the last quarter. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Discovery Communications during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 33.96% of the company’s stock.

NASDAQ:DISCA traded down $0.20 during trading hours on Thursday, reaching $27.01. The stock had a trading volume of 35,410 shares, compared to its average volume of 3,155,412. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. Discovery Communications has a 52 week low of $23.79 and a 52 week high of $34.89. The company has a 50 day moving average price of $28.20 and a two-hundred day moving average price of $29.00. The stock has a market capitalization of $15.04 billion, a PE ratio of 12.79, a PEG ratio of 0.38 and a beta of 1.57.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.89 billion. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. Equities research analysts predict that Discovery Communications will post 3.82 EPS for the current year.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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