Discovery Communications (NASDAQ:DISCK) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
Several other research firms have also recently weighed in on DISCK. Zacks Investment Research upgraded Discovery Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Morgan Stanley lifted their price target on Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, Discovery Communications currently has an average rating of “Hold” and a consensus price target of $29.00.
Shares of DISCK traded down $0.03 during midday trading on Wednesday, hitting $20.70. The company had a trading volume of 192,127 shares, compared to its average volume of 4,882,929. The company has a debt-to-equity ratio of 3.20, a quick ratio of 5.34 and a current ratio of 5.34. The stock has a market capitalization of $7,890.20, a PE ratio of 10.38 and a beta of 1.46. Discovery Communications has a 1 year low of $14.99 and a 1 year high of $29.18.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Discovery Communications by 1.4% in the fourth quarter. BlackRock Inc. now owns 13,617,520 shares of the company’s stock valued at $288,283,000 after buying an additional 193,083 shares in the last quarter. State of Wisconsin Investment Board boosted its position in Discovery Communications by 101.1% during the fourth quarter. State of Wisconsin Investment Board now owns 13,528,070 shares of the company’s stock worth $286,389,000 after purchasing an additional 6,799,916 shares in the last quarter. Mackenzie Financial Corp boosted its position in Discovery Communications by 130.0% during the fourth quarter. Mackenzie Financial Corp now owns 3,083,624 shares of the company’s stock worth $65,280,000 after purchasing an additional 1,743,195 shares in the last quarter. Prudential Financial Inc. boosted its position in Discovery Communications by 207.2% during the third quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock worth $52,437,000 after purchasing an additional 1,745,767 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Discovery Communications by 1.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,540,265 shares of the company’s stock worth $53,777,000 after purchasing an additional 30,289 shares in the last quarter. 51.80% of the stock is currently owned by institutional investors and hedge funds.
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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