Discovery Communications, Inc. (DISCA) Receives Consensus Rating of “Hold” from Analysts
Discovery Communications, Inc. (NASDAQ:DISCA) has been assigned a consensus rating of “Hold” from the twenty-three research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.27.
Several equities analysts have recently commented on DISCA shares. Royal Bank Of Canada reiterated a “buy” rating and set a $29.00 price objective on shares of Discovery Communications in a research report on Friday, October 20th. Credit Suisse Group upgraded Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $22.00 in a research report on Thursday, September 14th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a report on Thursday, October 12th.
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In related news, CFO Gunnar Wiedenfels purchased 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were bought at an average cost of $15.45 per share, with a total value of $231,750.00. Following the transaction, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $772,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J David Wargo bought 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $15.76 per share, for a total transaction of $1,576,000.00. Following the completion of the transaction, the director now directly owns 147,591 shares in the company, valued at $2,326,034.16. The disclosure for this purchase can be found here. Insiders purchased a total of 220,000 shares of company stock valued at $3,624,350 in the last 90 days. 6.81% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DISCA. Bank of New York Mellon Corp lifted its stake in Discovery Communications by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after purchasing an additional 1,297,175 shares in the last quarter. FMR LLC lifted its stake in Discovery Communications by 32.7% in the 2nd quarter. FMR LLC now owns 4,938,569 shares of the company’s stock worth $127,563,000 after purchasing an additional 1,216,517 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Discovery Communications by 5.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after buying an additional 917,632 shares during the period. Vanguard Group Inc. raised its position in shares of Discovery Communications by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after buying an additional 858,015 shares during the period. Finally, Bridgewater Associates LP acquired a new stake in Discovery Communications in the 2nd quarter valued at approximately $14,672,000. 45.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of Discovery Communications (NASDAQ:DISCA) traded up $0.02 during trading hours on Monday, reaching $17.19. The company’s stock had a trading volume of 3,376,800 shares, compared to its average volume of 3,675,702. The company has a market cap of $6,515.94, a P/E ratio of 8.26, a PEG ratio of 0.92 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. Discovery Communications has a 52-week low of $16.20 and a 52-week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. sell-side analysts forecast that Discovery Communications will post 2.05 EPS for the current year.
About Discovery Communications
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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