Discovery Communications (NASDAQ:DISCA) had its price objective trimmed by Imperial Capital from $30.00 to $29.00 in a report published on Tuesday morning, BenzingaRatingsTable reports. The firm currently has an inline rating on the stock.

DISCA has been the subject of a number of other reports. Wolfe Research lowered Discovery Communications from an outperform rating to a peer perform rating in a research report on Thursday, May 30th. ValuEngine lowered Discovery Communications from a hold rating to a sell rating in a research report on Monday, May 13th. Finally, BidaskClub lowered Discovery Communications from a buy rating to a hold rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $34.88.

DISCA stock opened at $27.73 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50 day simple moving average of $29.77 and a 200-day simple moving average of $29.14. The firm has a market capitalization of $14.23 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.38 and a beta of 1.53. Discovery Communications has a 1 year low of $23.79 and a 1 year high of $34.89.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Discovery Communications had a net margin of 15.62% and a return on equity of 21.53%. Discovery Communications’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities research analysts expect that Discovery Communications will post 3.61 EPS for the current year.

In other news, Director Daniel E. Sanchez sold 1,059 shares of the firm’s 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 directly owns 16,789 shares in the company, valued at $476,807.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Savalle Sims sold 3,085 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was 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 of the company’s stock, valued at $1,399,989.84. The disclosure for this sale can be found here. Insiders sold 14,144 shares of company stock valued at $412,081 over the last quarter. 4.43% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DISCA. CSat Investment Advisory L.P. boosted its position in shares of Discovery Communications by 89.5% during the second quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock worth $28,000 after buying an additional 426 shares during the period. Thor Advisors LLC purchased a new position in shares of Discovery Communications during the first quarter worth $29,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Discovery Communications during the second quarter worth $30,000. Parkside Financial Bank & Trust boosted its position in shares of Discovery Communications by 131.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,013 shares of the company’s stock worth $31,000 after buying an additional 576 shares during the period. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Discovery Communications during the second quarter worth $37,000. Institutional investors and hedge funds own 35.20% 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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