Discovery Communications Inc. (NASDAQ:DISCA) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 25,591,461 shares, a decline of 8.0% from the October 14th total of 27,810,836 shares. Approximately 17.2% of the company’s shares are short sold. Based on an average daily volume of 3,489,815 shares, the days-to-cover ratio is presently 7.3 days.

Shares of Discovery Communications (NASDAQ:DISCA) opened at 26.44 on Friday. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 14.95 and a beta of 1.60. The firm’s 50-day moving average is $26.26 and its 200-day moving average is $26.19. Discovery Communications has a one year low of $23.66 and a one year high of $31.39.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.02. The business earned $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. Discovery Communications’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Equities research analysts forecast that Discovery Communications will post $1.92 EPS for the current year.

A number of research firms have recently weighed in on DISCA. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Barrington Research downgraded shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 29th. Jefferies Group reaffirmed a “hold” rating on shares of Discovery Communications in a research report on Monday, August 29th. Nomura reduced their target price on shares of Discovery Communications from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, October 3rd. Finally, Loop Capital reiterated a “buy” rating and issued a $31.00 price target on shares of Discovery Communications in a research note on Saturday, September 3rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Discovery Communications presently has a consensus rating of “Hold” and an average price target of $29.90.

A number of large investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Discovery Communications by 0.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,800 shares of the company’s stock valued at $893,000 after buying an additional 42 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Discovery Communications by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 14,807 shares of the company’s stock worth $399,000 after buying an additional 46 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Discovery Communications by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,700 shares of the company’s stock worth $369,000 after buying an additional 50 shares during the period. Advantus Capital Management Inc increased its stake in Discovery Communications by 0.8% in the second quarter. Advantus Capital Management Inc now owns 14,727 shares of the company’s stock worth $372,000 after buying an additional 123 shares during the period. Finally, World Asset Management Inc increased its stake in Discovery Communications by 1.0% in the second quarter. World Asset Management Inc now owns 15,357 shares of the company’s stock worth $387,000 after buying an additional 146 shares during the period. 41.38% of the stock is owned by institutional investors and hedge funds.

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.

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.