Discovery Communications Inc. (DISCA) Stock Rating Reaffirmed by Needham & Company LLC
Discovery Communications Inc. (NASDAQ:DISCA)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a research report issued on Thursday.
Several other research analysts have also recently weighed in on DISCA. JPMorgan Chase & Co. restated a “hold” rating on shares of Discovery Communications in a report on Saturday, July 9th. FBR & Co restated a “hold” rating on shares of Discovery Communications in a report on Thursday, August 4th. Loop Capital restated a “buy” rating and set a $31.00 price target on shares of Discovery Communications in a report on Saturday, September 3rd. Jefferies Group restated a “hold” rating on shares of Discovery Communications in a report on Thursday, August 11th. Finally, Barrington Research cut shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a report on Thursday, September 29th. Five equities 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 stock. The company currently has an average rating of “Hold” and an average price target of $30.15.
Discovery Communications (NASDAQ:DISCA) opened at 25.34 on Thursday. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 13.78 and a beta of 1.59. The firm’s 50 day moving average is $25.83 and its 200-day moving average is $26.55. Discovery Communications has a 12 month low of $23.66 and a 12 month high of $31.80.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The firm earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. On average, equities analysts forecast that Discovery Communications will post $1.97 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in Discovery Communications by 1.3% in the third quarter. Private Trust Co. NA now owns 28,562 shares of the company’s stock worth $768,000 after buying an additional 363 shares in the last quarter. Parametrica Management Ltd bought a new position in Discovery Communications during the third quarter worth approximately $256,000. Nisa Investment Advisors LLC boosted its position in Discovery Communications by 12.8% in the third quarter. Nisa Investment Advisors LLC now owns 41,333 shares of the company’s stock worth $1,113,000 after buying an additional 4,676 shares in the last quarter. British Columbia Investment Management Corp boosted its position in Discovery Communications by 107.5% in the third quarter. British Columbia Investment Management Corp now owns 112,255 shares of the company’s stock worth $3,022,000 after buying an additional 58,165 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Discovery Communications by 34.3% in the third quarter. Fisher Asset Management LLC now owns 606,930 shares of the company’s stock worth $16,339,000 after buying an additional 155,063 shares in the last quarter. 40.59% of the stock is owned by institutional investors and hedge funds.
About Discovery Communications
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.
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