Discovery Communications’ (DISCA) Hold Rating Reiterated at Cowen and Company
Cowen and Company reiterated their hold rating on shares of Discovery Communications, Inc. (NASDAQ:DISCA) in a report published on Friday. Cowen and Company currently has a $25.00 price target on the stock.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada restated a buy rating and issued a $32.00 price target on shares of Discovery Communications in a research report on Friday, July 14th. Citigroup Inc. upgraded shares of Discovery Communications from a neutral rating to a buy rating and reduced their price target for the company from $30.00 to $29.00 in a research report on Tuesday, August 1st. Pivotal Research upgraded shares of Discovery Communications from a hold rating to a buy rating and set a $28.00 price target on the stock in a research report on Tuesday, August 8th. TheStreet lowered shares of Discovery Communications from a b- rating to a c+ rating in a research report on Thursday, May 18th. Finally, Jefferies Group LLC restated a hold rating on shares of Discovery Communications in a research report on Friday, May 12th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Discovery Communications presently has a consensus rating of Hold and a consensus price target of $27.27.
Shares of Discovery Communications (NASDAQ DISCA) opened at 20.80 on Friday. The firm has a 50 day moving average of $23.41 and a 200 day moving average of $26.27. Discovery Communications has a 52 week low of $20.72 and a 52 week high of $30.25. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 11.03 and a beta of 1.59.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Discovery Communications’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities analysts predict that Discovery Communications will post $2.24 earnings per share for the current fiscal year.
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In other news, CFO Gunnar Wiedenfels bought 20,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of $23.01 per share, with a total value of $460,200.00. Following the completion of the purchase, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $460,200. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director S Decker Anstrom bought 10,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average cost of $23.05 per share, with a total value of $230,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. American International Group Inc. increased its stake in Discovery Communications by 0.3% in the first quarter. American International Group Inc. now owns 73,984 shares of the company’s stock valued at $2,152,000 after purchasing an additional 192 shares in the last quarter. Oxbow Advisors LLC increased its stake in Discovery Communications by 0.8% in the second quarter. Oxbow Advisors LLC now owns 192,540 shares of the company’s stock valued at $4,973,000 after purchasing an additional 1,605 shares in the last quarter. BlackRock Inc. increased its stake in Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock valued at $271,875,000 after purchasing an additional 8,971,338 shares in the last quarter. Comerica Bank increased its stake in Discovery Communications by 4.6% in the first quarter. Comerica Bank now owns 48,580 shares of the company’s stock valued at $1,428,000 after purchasing an additional 2,145 shares in the last quarter. Finally, MAVEN SECURITIES Ltd bought a new stake in Discovery Communications in the first quarter valued at approximately $1,669,000. 45.85% 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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