Discovery Communications (NASDAQ:DISCA) Getting Somewhat Favorable Media Coverage, Analysis Shows
News coverage about Discovery Communications (NASDAQ:DISCA) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Discovery Communications earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.9483407059754 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Piper Jaffray Says That Discovery Comms (NASDAQ:DISCA) Has $27.0000 Stock Target (campdesrecrues.com)
- Discovery Communications, Inc. (NASDAQ:DISCK) Stake Held by Cubic Asset Management LLC (elcumanes.com)
- Discovery Communications, Inc. (DISCB) Releases Earnings Results, Misses Estimates By $0.04 EPS (vothemes.com)
- Korea Investment CORP Cuts Position in Discovery Communications, Inc. (DISCA) (newstrendstoday.com)
- Piper Jaffray Companies Begins Coverage on Discovery Communications, Inc. (DISCA) (fishinghd.com)
A number of analysts recently issued reports on DISCA shares. TheStreet raised Discovery Communications from a “c+” rating to a “b-” rating in a research report on Thursday, April 20th. Royal Bank Of Canada set a $32.00 target price on Discovery Communications and gave the company a “buy” rating in a research report on Monday, June 12th. Citigroup Inc. raised Discovery Communications from a “neutral” rating to a “buy” rating and lowered their target price for the company from $30.00 to $29.00 in a research report on Tuesday, August 1st. Pivotal Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $28.00 target price on shares of Discovery Communications in a research report on Friday, June 16th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.25.
Shares of Discovery Communications (DISCA) traded down 0.39% during trading on Friday, reaching $22.91. The company’s stock had a trading volume of 3,274,392 shares. The stock’s 50 day moving average price is $25.69 and its 200-day moving average price is $27.18. Discovery Communications has a 12 month low of $22.82 and a 12 month high of $30.25. The firm has a market cap of $13.06 billion, a PE ratio of 12.15 and a beta of 1.59.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data 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 firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. Equities analysts predict that Discovery Communications will post $2.24 EPS for the current year.
In related news, CFO Gunnar Wiedenfels purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the purchase, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $460,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Decker Anstrom purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average price of $23.05 per share, with a total value of $230,500.00. The disclosure for this purchase can be found here. Company insiders own 5.78% of the company’s stock.
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About Discovery Communications
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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