Discovery Communications Inc. (DISCA) Price Target Lowered to $30.00 at Nomura
Discovery Communications Inc. (NASDAQ:DISCA) had its price target decreased by Nomura from $31.00 to $30.00 in a research report released on Monday morning. Nomura currently has a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on DISCA. Sanford C. Bernstein reiterated an underperform rating on shares of Discovery Communications in a research note on Friday, June 17th. Royal Bank Of Canada reissued a buy rating and set a $36.00 price objective on shares of Discovery Communications in a report on Monday, June 27th. JPMorgan Chase & Co. reissued a hold rating on shares of Discovery Communications in a report on Saturday, July 9th. Zacks Investment Research cut Discovery Communications from a buy rating to a hold rating in a report on Monday, July 11th. Finally, MKM Partners cut their price objective on Discovery Communications from $28.00 to $27.00 and set a neutral rating for the company in a report on Monday, July 18th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $30.15.
Discovery Communications (NASDAQ:DISCA) opened at 27.32 on Monday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 14.86 and a beta of 1.59. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80. The stock’s 50 day moving average is $25.76 and its 200 day moving average is $26.63.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Discovery Communications will post $1.97 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its position in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of Discovery Communications during the second quarter worth approximately $116,000. Creative Planning raised its position in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares in the last quarter. Finally, Euclid Advisors LLC raised its position in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 40.59% of the company’s stock.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
Receive News & Stock Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related stocks with our FREE daily email newsletter.