Zacks Investment Research Upgrades Discovery Communications (DISCK) to Hold
Zacks Investment Research upgraded shares of Discovery Communications (NASDAQ:DISCK) from a strong sell rating to a hold rating in a research note published on Tuesday morning.
According to Zacks, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “
DISCK has been the subject of a number of other reports. ValuEngine raised Discovery Communications from a hold rating to a buy rating in a research report on Tuesday, October 10th. BidaskClub raised Discovery Communications from a sell rating to a hold rating in a research report on Thursday, December 7th. Finally, Morgan Stanley decreased their target price on Discovery Communications from $31.00 to $22.00 and set an equal weight rating for the company in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, Discovery Communications has an average rating of Hold and a consensus price target of $25.50.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Investment Services Inc. acquired a new stake in Discovery Communications during the 2nd quarter worth approximately $102,000. Fiduciary Trust Co. acquired a new stake in Discovery Communications during the 2nd quarter worth approximately $160,000. Ontario Teachers Pension Plan Board acquired a new stake in Discovery Communications during the 2nd quarter worth approximately $196,000. Weik Investment Services Inc. lifted its position in Discovery Communications by 34.5% during the 2nd quarter. Weik Investment Services Inc. now owns 9,950 shares of the company’s stock worth $251,000 after acquiring an additional 2,550 shares during the period. Finally, Mint Tower Capital Management B.V. acquired a new stake in Discovery Communications during the 3rd quarter worth approximately $215,000. 48.23% of the stock is owned by hedge funds and other institutional investors.
Discovery Communications Company Profile
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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