Moffett Nathanson lowered shares of Discovery Communications Inc. (NASDAQ:DISCA) from a neutral rating to a sell rating in a research note issued to investors on Tuesday morning. Moffett Nathanson currently has $21.00 price objective on the stock, down from their previous price objective of $31.00.
Several other analysts have also recently issued reports on DISCA. JPMorgan Chase & Co. reissued a hold rating on shares of Discovery Communications in a research report on Saturday, July 9th. FBR & Co reissued a hold rating on shares of Discovery Communications in a research report on Thursday, August 4th. Loop Capital restated a buy rating and set a $31.00 target price on shares of Discovery Communications in a research note on Saturday, September 3rd. Jefferies Group restated a hold rating on shares of Discovery Communications in a research note on Thursday, August 11th. Finally, Zacks Investment Research lowered shares of Discovery Communications from a buy rating to a hold rating in a research note on Monday, July 11th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $30.05.
Discovery Communications (NASDAQ:DISCA) traded up 0.284% on Tuesday, reaching $26.445. 466,408 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $25.64 and a 200-day moving average of $26.67. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 14.380 and a beta of 1.59. Discovery Communications has a one year low of $23.66 and a one year high of $31.80.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities research analysts forecast that Discovery Communications will post $1.98 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in DISCA. Aviva PLC increased its stake in Discovery Communications by 0.4% in the first quarter. Aviva PLC now owns 76,975 shares of the company’s stock worth $2,204,000 after buying an additional 312 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Discovery Communications by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,863,597 shares of the company’s stock worth $110,615,000 after buying an additional 33,489 shares during the period. Algert Global LLC acquired a new stake in Discovery Communications during the first quarter worth approximately $856,000. FDO Partners LLC increased its stake in Discovery Communications by 104.5% in the first quarter. FDO Partners LLC now owns 46,286 shares of the company’s stock worth $1,325,000 after buying an additional 23,647 shares during the period. Finally, Wrapmanager Inc. increased its stake in Discovery Communications by 15.2% in the first quarter. Wrapmanager Inc. now owns 11,703 shares of the company’s stock worth $335,000 after buying an additional 1,545 shares during the period. 40.59% of the stock is owned by institutional investors.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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