Discovery Communications Inc. (DISCA) Given Consensus Rating of “Hold” by Analysts
Discovery Communications Inc. (NASDAQ:DISCA) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the firm. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.00.
Several analysts recently commented on the company. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, July 27th. Jefferies Group reissued a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 11th. Macquarie raised Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $28.76 to $27.00 in a research note on Wednesday, August 3rd. FBR & Co reissued a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Discovery Communications in a research note on Thursday, October 13th.
Discovery Communications (NASDAQ:DISCA) traded down 0.58% on Wednesday, reaching $27.30. The company had a trading volume of 1,181,468 shares. The company’s 50 day moving average price is $26.47 and its 200-day moving average price is $26.17. Discovery Communications has a 12 month low of $23.66 and a 12 month high of $31.39. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 15.43 and a beta of 1.60.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company earned $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. Discovery Communications’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, equities analysts predict that Discovery Communications will post $1.91 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted 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. Capstone Asset Management Co. boosted its stake in Discovery Communications by 4.1% in the second quarter. Capstone Asset Management Co. now owns 20,548 shares of the company’s stock worth $518,000 after buying an additional 811 shares during the last quarter. Aviva PLC boosted its stake in Discovery Communications by 17.6% in the second quarter. Aviva PLC now owns 90,509 shares of the company’s stock worth $2,284,000 after buying an additional 13,534 shares during the last quarter. Creative Planning boosted its stake in Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares during the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in Discovery Communications during the second quarter worth about $511,000. 41.73% of the stock is owned by hedge funds and other institutional investors.
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.
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