BidaskClub lowered shares of Discovery Communications (NASDAQ:DISCK) from a buy rating to a hold rating in a report issued on Friday.
Other equities analysts have also issued research reports about the company. ValuEngine lowered Discovery Communications from a buy rating to a hold rating in a research note on Sunday, December 31st. Zacks Investment Research raised Discovery Communications from a strong sell rating to a hold rating in a research note on Tuesday, January 9th. Finally, Morgan Stanley increased their target price on Discovery Communications from $22.00 to $29.00 and gave the company an equal weight rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus price target of $29.00.
Discovery Communications (NASDAQ DISCK) opened at $22.49 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 5.34 and a current ratio of 5.34. Discovery Communications has a one year low of $14.99 and a one year high of $29.18. The stock has a market capitalization of $8,589.09, a price-to-earnings ratio of 11.30 and a beta of 1.41.
Institutional investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Discovery Communications by 46.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,871 shares of the company’s stock worth $463,000 after acquiring an additional 7,208 shares in the last quarter. United States Steel & Carnegie Pension Fund increased its holdings in shares of Discovery Communications by 19.7% in the third quarter. United States Steel & Carnegie Pension Fund now owns 3,043,056 shares of the company’s stock worth $61,652,000 after acquiring an additional 500,000 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in shares of Discovery Communications by 8.6% in the third quarter. Atlantic Trust Group LLC now owns 344,693 shares of the company’s stock worth $6,984,000 after acquiring an additional 27,242 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Discovery Communications by 207.2% in the third quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock worth $52,437,000 after acquiring an additional 1,745,767 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Discovery Communications in the third quarter worth about $3,626,000. Institutional investors own 52.95% of the company’s stock.
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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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