Discovery Communications Inc. (NASDAQ:DISCA) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note 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 reissued a “hold” rating on shares of Discovery Communications in a research report on Monday, August 29th. Nomura dropped their target price on shares of Discovery Communications from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, October 3rd. Finally, Loop Capital reissued a “buy” rating and issued a $31.00 target price on shares of Discovery Communications in a research report on Saturday, September 3rd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.90.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Discovery Communications (NASDAQ:DISCA) opened at 28.35 on Friday. The firm has a market cap of $12.96 billion, a P/E ratio of 16.03 and a beta of 1.60. Discovery Communications has a 1-year low of $23.66 and a 1-year high of $31.39. The firm has a 50-day moving average of $26.32 and a 200 day moving average of $26.16.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.02. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. The business earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business posted $0.47 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts predict that Discovery Communications will post $1.91 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in DISCA. Hotchkis & Wiley Capital Management LLC increased its stake in 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 worth $391,632,000 after buying an additional 5,175,467 shares during the last quarter. Vanguard Group Inc. increased its stake in Discovery Communications by 3.6% in the second quarter. Vanguard Group Inc. now owns 14,263,250 shares of the company’s stock worth $359,862,000 after buying an additional 499,989 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $238,645,000 after buying an additional 437,438 shares during the last quarter. State Street Corp increased its stake in Discovery Communications by 10.1% in the second quarter. State Street Corp now owns 6,623,850 shares of the company’s stock worth $167,122,000 after buying an additional 606,238 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Discovery Communications by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,960,890 shares of the company’s stock worth $106,627,000 after buying an additional 82,663 shares during the last quarter. Institutional investors and hedge funds own 42.04% of the company’s stock.

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

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