Discovery Communications (DISCA) Getting Somewhat Favorable Media Coverage, Accern Reports
News stories about Discovery Communications (NASDAQ:DISCA) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Discovery Communications earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.6734185468103 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Discovery Communications’ (DISCA) “Market Perform” Rating Reaffirmed at Wells Fargo & Co (americanbankingnews.com)
- Discovery Communications Inc. (DISCA) Expected to Announce Quarterly Sales of $1.77 Billion (americanbankingnews.com)
- Discovery Communications (DISCA) Raised to Outperform at Barrington Research (americanbankingnews.com)
- Discovery Communications Inc. (DISCA) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Macquarie Upgrades Discovery Communications (DISCA) to “Outperform” (americanbankingnews.com)
A number of research analysts have recently weighed in on the company. Wells Fargo & Co reaffirmed a “market perform” rating and set a $25.00 price objective (up from $18.00) on shares of Discovery Communications in a research report on Thursday. Barrington Research raised Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Tuesday. Macquarie raised Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Tuesday. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.33.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. equities research analysts expect that Discovery Communications will post 1.94 EPS for the current fiscal year.
In other Discovery Communications news, insider Bruce Campbell sold 15,976 shares of Discovery Communications stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total value of $343,484.00. Following the sale, the insider now owns 85,298 shares of the company’s stock, valued at approximately $1,833,907. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone acquired 332,523 shares of Discovery Communications stock in a transaction on Wednesday, December 13th. The stock was purchased at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the purchase, the director now owns 671,095 shares in the company, valued at $13,233,993.40. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 527,523 shares of company stock worth $9,629,104. Corporate insiders own 6.81% of the company’s stock.
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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.
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