Discovery Communications (NASDAQ:DISCK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Morgan Stanley upped their target price on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Discovery Communications currently has a consensus rating of “Hold” and an average target price of $29.00.
Discovery Communications stock opened at $19.42 on Thursday. Discovery Communications has a one year low of $14.99 and a one year high of $29.18. The company has a current ratio of 5.34, a quick ratio of 5.34 and a debt-to-equity ratio of 3.20. The stock has a market cap of $7,592.31, a PE ratio of -32.37 and a beta of 1.41.
Several hedge funds have recently added to or reduced their stakes in DISCK. Highlander Capital Management LLC grew its position in shares of Discovery Communications by 5,747.1% in the fourth quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock valued at $108,000 after purchasing an additional 5,000 shares during the last quarter. Cohen Klingenstein LLC purchased a new position in shares of Discovery Communications during the fourth quarter valued at approximately $204,000. Creative Planning purchased a new position in shares of Discovery Communications during the fourth quarter valued at approximately $207,000. Mint Tower Capital Management B.V. purchased a new position in shares of Discovery Communications during the third quarter valued at approximately $215,000. Finally, Bfsg LLC purchased a new position in shares of Discovery Communications during the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 51.76% of the company’s stock.
WARNING: “BidaskClub Downgrades Discovery Communications (DISCK) to Sell” was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3296706/bidaskclub-downgrades-discovery-communications-disck-to-sell.html.
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.
Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.