BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCK) from a hold rating to a buy rating in a research report report published on Wednesday morning.
DISCK has been the topic of several other reports. ValuEngine downgraded shares of Discovery Communications from a sell rating to a strong sell rating in a report on Saturday, June 2nd. Morgan Stanley cut their price target on shares of Discovery Communications to $29.00 and set an equal weight rating on the stock in a report on Monday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $29.00.
Discovery Communications opened at $25.31 on Wednesday, MarketBeat.com reports. Discovery Communications has a twelve month low of $14.99 and a twelve month high of $27.15. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $12.61 billion, a PE ratio of 11.44 and a beta of 1.41.
Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in Discovery Communications in the 4th quarter worth about $3,850,000. Metropolitan Life Insurance Co. NY bought a new position in Discovery Communications in the 4th quarter worth about $667,000. MetLife Investment Advisors LLC bought a new position in Discovery Communications in the 4th quarter worth about $1,331,000. Valeo Financial Advisors LLC grew its stake in Discovery Communications by 636.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 12,440 shares of the company’s stock worth $263,000 after acquiring an additional 10,750 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Discovery Communications by 13.3% in the 4th quarter. Toronto Dominion Bank now owns 87,797 shares of the company’s stock worth $1,858,000 after acquiring an additional 10,295 shares in the last quarter. Institutional investors and hedge funds own 54.35% of the company’s stock.
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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