BidaskClub upgraded shares of Discovery Inc Series C (NASDAQ:DISCK) from a hold rating to a buy rating in a report issued on Tuesday, BidAskClub reports.

Shares of NASDAQ DISCK opened at $29.00 on Tuesday. The business’s fifty day moving average price is $27.86. Discovery Inc Series C has a 1 year low of $21.99 and a 1 year high of $31.55. The stock has a market capitalization of $15.22 billion, a P/E ratio of 13.74 and a beta of 1.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. The firm had revenue of $2.71 billion for the quarter. As a group, equities analysts predict that Discovery Inc Series C will post 4.06 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in DISCK. JPMorgan Chase & Co. lifted its holdings in Discovery Inc Series C by 73.0% during the first quarter. JPMorgan Chase & Co. now owns 13,156,078 shares of the company’s stock valued at $334,428,000 after purchasing an additional 5,551,544 shares in the last quarter. Norges Bank purchased a new position in Discovery Inc Series C during the fourth quarter valued at $112,101,000. Janus Henderson Group PLC lifted its holdings in Discovery Inc Series C by 21.1% during the first quarter. Janus Henderson Group PLC now owns 5,890,608 shares of the company’s stock valued at $149,739,000 after purchasing an additional 1,025,674 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Discovery Inc Series C by 15.8% during the fourth quarter. Geode Capital Management LLC now owns 4,984,900 shares of the company’s stock valued at $114,863,000 after purchasing an additional 680,982 shares in the last quarter. Finally, FMR LLC lifted its holdings in Discovery Inc Series C by 57.0% during the fourth quarter. FMR LLC now owns 1,753,507 shares of the company’s stock valued at $40,471,000 after purchasing an additional 636,514 shares in the last quarter. 56.49% of the stock is currently owned by hedge funds and other institutional investors.

About Discovery Inc Series C

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.

Read More: Why do companies pay special dividends?

Receive News & Ratings for Discovery Inc Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Inc Series C and related companies with MarketBeat.com's FREE daily email newsletter.