Sanford C. Bernstein restated their underperform rating on shares of Discovery Communications, Inc. (NASDAQ:DISCA) in a report released on Tuesday.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada restated a buy rating and set a $32.00 target price 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 decreased their target price 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 target price for the company in a research report on Tuesday, August 8th. TheStreet downgraded shares of Discovery Communications from a b- rating to a c+ rating in a research report on Thursday, May 18th. Finally, ValuEngine downgraded shares of Discovery Communications from a buy rating to a hold rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $27.13.

Shares of Discovery Communications (NASDAQ:DISCA) opened at 21.94 on Tuesday. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 11.64 and a beta of 1.59. Discovery Communications has a 1-year low of $20.53 and a 1-year high of $30.25. The stock has a 50 day moving average price of $22.77 and a 200 day moving average price of $26.05.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The business had revenue of $1.75 billion for 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%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Equities research analysts anticipate that Discovery Communications will post $2.24 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Discovery Communications, Inc. (DISCA) Given “Underperform” Rating at Sanford C. Bernstein” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/16/discovery-communications-inc-disca-given-underperform-rating-at-sanford-c-bernstein.html.

In related news, insider Paul J. Guagliardo bought 10,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $227,100. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels bought 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $21.70 per share, with a total value of $325,500.00. Following the purchase, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at $759,500. The disclosure for this purchase can be found here. Insiders have bought 55,000 shares of company stock valued at $1,243,300 in the last three months. Corporate insiders own 6.81% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in Discovery Communications by 8.4% during the 1st quarter. Bank of Montreal Can now owns 43,128 shares of the company’s stock valued at $1,256,000 after acquiring an additional 3,355 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Discovery Communications during the 1st quarter valued at about $134,000. Shell Asset Management Co. grew its stake in Discovery Communications by 22.6% during the 1st quarter. Shell Asset Management Co. now owns 14,535 shares of the company’s stock valued at $423,000 after acquiring an additional 2,682 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in Discovery Communications by 0.9% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock valued at $330,000 after acquiring an additional 103 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Discovery Communications by 2.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,892 shares of the company’s stock valued at $462,000 after acquiring an additional 400 shares in the last quarter. 45.85% 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Analyst Recommendations for Discovery Communications (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.