Discovery Communications, Inc. (NASDAQ:DISCK) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities analysts also recently weighed in on DISCK. BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.00.

Shares of Discovery Communications (NASDAQ:DISCK) opened at 19.79 on Tuesday. The stock’s 50 day moving average price is $20.49 and its 200-day moving average price is $24.37. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 10.50 and a beta of 1.44. Discovery Communications has a 1-year low of $19.36 and a 1-year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). The company had revenue of $1.75 billion for the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. On average, equities research analysts forecast that Discovery Communications will post $2.24 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Discovery Communications by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock valued at $605,575,000 after acquiring an additional 460,591 shares during the period. BlackRock Inc. boosted its holdings in Discovery Communications by 2.2% during the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock valued at $346,312,000 after acquiring an additional 289,985 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Discovery Communications by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock valued at $148,192,000 after acquiring an additional 537,357 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Discovery Communications by 42.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock valued at $86,283,000 after acquiring an additional 1,016,006 shares during the period. Finally, Seizert Capital Partners LLC boosted its holdings in Discovery Communications by 11.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after acquiring an additional 325,593 shares during the period. Institutional investors own 45.29% 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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

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