BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCA) from a hold rating to a buy rating in a research report report published on Tuesday, BidAskClub reports.

Other research analysts have also issued research reports about the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. Wolfe Research started coverage on Waters in a report on Thursday, May 30th. They set an underperform rating on the stock. Finally, Imperial Capital increased their price objective on Discovery Communications from $29.00 to $30.00 and gave the company an in-line rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $33.89.

Shares of Discovery Communications stock opened at $32.41 on Tuesday. The business has a 50-day simple moving average of $29.47. The stock has a market cap of $17.01 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.42 and a beta of 1.47. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.16 and a current ratio of 1.16. Discovery Communications has a 1 year low of $23.79 and a 1 year high of $34.89.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.72 billion. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Research analysts forecast that Discovery Communications will post 3.93 earnings per share for the current year.

In related news, insider Bruce Campbell sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $28.89, for a total transaction of $288,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Faricy bought 35,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the transaction, the chief executive officer now directly owns 182,367 shares in the company, valued at $5,089,862.97. The disclosure for this purchase can be found here. 4.43% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of DISCA. JPMorgan Chase & Co. raised its position in Discovery Communications by 17.4% in the 1st quarter. JPMorgan Chase & Co. now owns 10,743,754 shares of the company’s stock valued at $290,295,000 after purchasing an additional 1,595,179 shares during the last quarter. FMR LLC increased its stake in shares of Discovery Communications by 10.4% in the 4th quarter. FMR LLC now owns 13,217,760 shares of the company’s stock valued at $327,007,000 after buying an additional 1,243,094 shares during the period. BlackRock Inc. increased its stake in shares of Discovery Communications by 11.8% in the 4th quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock valued at $269,315,000 after buying an additional 1,151,368 shares during the period. TCW Group Inc. increased its stake in shares of Discovery Communications by 2,789.9% in the 1st quarter. TCW Group Inc. now owns 1,142,859 shares of the company’s stock valued at $30,880,000 after buying an additional 1,103,312 shares during the period. Finally, Todd Asset Management LLC acquired a new stake in shares of Discovery Communications in the 1st quarter valued at $14,739,000. Hedge funds and other institutional investors own 34.42% of the company’s stock.

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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