Discovery Communications (NASDAQ:DISCA) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada reiterated a “buy” rating and set a $29.00 price target on shares of Discovery Communications in a research report on Friday, October 20th. ValuEngine upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a research report on Thursday, October 12th. Finally, Cowen reiterated a “hold” rating and set a $25.00 price target on shares of Discovery Communications in a research report on Friday, September 8th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.67.

Discovery Communications (NASDAQ:DISCA) opened at $22.37 on Thursday. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25. The stock has a market capitalization of $8,342.98, a PE ratio of 10.58, a P/E/G ratio of 1.24 and a beta of 1.55.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. Discovery Communications’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. analysts expect that Discovery Communications will post 1.94 EPS for the current year.

In other news, insider Bruce Campbell sold 3,047 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $18.17, for a total transaction of $55,363.99. Following the completion of the sale, the insider now directly owns 43,173 shares of the company’s stock, valued at approximately $784,453.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction dated 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 completion of the purchase, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The disclosure for this purchase can be found here. Insiders acquired a total of 527,523 shares of company stock valued at $9,629,104 over the last ninety days. 6.81% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Discovery Communications by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock valued at $295,000 after acquiring an additional 102 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Discovery Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after acquiring an additional 123 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Discovery Communications by 0.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock valued at $616,000 after acquiring an additional 206 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Discovery Communications by 0.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 49,629 shares of the company’s stock valued at $1,282,000 after acquiring an additional 220 shares in the last quarter. Finally, Norinchukin Bank The lifted its holdings in shares of Discovery Communications by 0.7% during the 2nd quarter. Norinchukin Bank The now owns 35,228 shares of the company’s stock valued at $910,000 after acquiring an additional 245 shares in the last quarter. 48.12% of the stock is owned by institutional investors.

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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)

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