Discovery Communications Inc. (NASDAQ:DISCA) had its price objective raised by research analysts at Royal Bank Of Canada from $33.00 to $35.00 in a research note issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 25.90% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Argus reissued a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a report on Monday, August 15th. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, July 27th. Pivotal Research reaffirmed a “buy” rating on shares of Discovery Communications in a report on Monday, August 1st. Moffett Nathanson cut shares of Discovery Communications from a “neutral” rating to a “sell” rating and cut their price objective for the company from $31.00 to $21.00 in a report on Tuesday, September 27th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Discovery Communications in a report on Monday, August 29th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.85.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Discovery Communications (NASDAQ:DISCA) opened at 27.80 on Wednesday. Discovery Communications has a one year low of $23.66 and a one year high of $31.39. The company has a 50 day moving average of $26.37 and a 200-day moving average of $26.17. The company has a market cap of $12.70 billion, a P/E ratio of 15.72 and a beta of 1.60.

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

A number of institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Discovery Communications by 302.8% in the second quarter. Nisa Investment Advisors LLC now owns 36,657 shares of the company’s stock valued at $925,000 after buying an additional 27,557 shares during the last quarter. Denali Advisors LLC raised its position in Discovery Communications by 153.1% in the second quarter. Denali Advisors LLC now owns 445,400 shares of the company’s stock valued at $11,237,000 after buying an additional 269,400 shares during the last quarter. Capstone Asset Management Co. raised its position in Discovery Communications by 4.1% in the second quarter. Capstone Asset Management Co. now owns 20,548 shares of the company’s stock valued at $518,000 after buying an additional 811 shares during the last quarter. Creative Planning raised its position in Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock valued at $132,000 after buying an additional 503 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Discovery Communications by 1.9% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,629,334 shares of the company’s stock valued at $41,108,000 after buying an additional 29,755 shares during the last quarter. Hedge funds and other institutional investors own 42.04% 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.

5 Day Chart for NASDAQ:DISCA

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