Shares of Discovery Communications Inc. (NASDAQ:DISCA) have received a consensus rating of “Hold” from the twenty-two research firms that are presently covering the company. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $29.57.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Saturday, July 9th. FBR & Co reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 4th. Loop Capital reissued a “buy” rating and issued a $31.00 price target on shares of Discovery Communications in a research note on Saturday, September 3rd. Jefferies Group reissued a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 11th. Finally, Barrington Research cut shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 29th.

Hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Discovery Communications by 50.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 15,522,485 shares of the company’s stock valued at $391,632,000 after buying an additional 5,175,467 shares during the period. Vanguard Group Inc. increased its stake in shares of Discovery Communications by 3.6% in the second quarter. Vanguard Group Inc. now owns 14,263,250 shares of the company’s stock valued at $359,862,000 after buying an additional 499,989 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Discovery Communications by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 9,458,803 shares of the company’s stock valued at $238,645,000 after buying an additional 437,438 shares during the period. State Street Corp increased its stake in shares of Discovery Communications by 10.1% in the second quarter. State Street Corp now owns 6,623,850 shares of the company’s stock valued at $167,122,000 after buying an additional 606,238 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Discovery Communications by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,878,227 shares of the company’s stock valued at $97,848,000 after buying an additional 14,630 shares during the period. 40.65% of the stock is currently owned by institutional investors.

Discovery Communications (NASDAQ:DISCA) traded up 0.138% during trading on Tuesday, hitting $25.325. 805,798 shares of the stock traded hands. Discovery Communications has a 12 month low of $23.66 and a 12 month high of $31.80. The stock has a market cap of $10.59 billion, a PE ratio of 13.771 and a beta of 1.59. The company has a 50-day moving average price of $25.81 and a 200-day moving average price of $26.51.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The company 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%. Discovery Communications’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. Equities research analysts expect that Discovery Communications will post $1.97 EPS for the current year.

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.

5 Day Chart for NASDAQ:DISCA

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.