Discovery Communications (DISCA) Given Hold Rating at Barclays

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Barclays restated their hold rating on shares of Discovery Communications (NASDAQ:DISCA) in a research note released on Tuesday morning.

Several other analysts have also recently weighed in on DISCA. Zacks Investment Research cut shares of Discovery Communications from a buy rating to a hold rating in a research note on Friday, November 16th. Pivotal Research reissued a hold rating and issued a $26.00 price objective on shares of Discovery Communications in a research note on Tuesday, August 7th. Citigroup boosted their price objective on shares of Discovery Communications from $30.00 to $32.00 and gave the stock a buy rating in a research note on Wednesday, August 15th. Imperial Capital reduced their price objective on shares of Discovery Communications from $37.00 to $31.00 and set an inline rating on the stock in a research note on Tuesday. Finally, ValuEngine raised shares of Discovery Communications from a sell rating to a hold rating in a research note on Wednesday, September 12th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Discovery Communications presently has a consensus rating of Buy and an average target price of $32.79.

Shares of NASDAQ:DISCA opened at $28.93 on Tuesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.01. Discovery Communications has a 52-week low of $19.11 and a 52-week high of $34.89. The firm has a market cap of $15.26 billion, a PE ratio of 12.92, a P/E/G ratio of 0.41 and a beta of 1.24.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Discovery Communications had a positive return on equity of 17.05% and a negative net margin of 8.52%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Discovery Communications will post 2.67 EPS for the current year.

In other news, insider Bruce Campbell sold 31,462 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $30.00, for a total transaction of $943,860.00. Following the transaction, the insider now owns 72,256 shares of the company’s stock, valued at approximately $2,167,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Leavy sold 39,278 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $31.65, for a total transaction of $1,243,148.70. The disclosure for this sale can be found here. Insiders have sold 281,031 shares of company stock worth $8,506,185 in the last ninety days. Insiders own 6.73% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DISCA. Vanguard Group Inc. boosted its position in shares of Discovery Communications by 199.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock worth $1,541,300,000 after purchasing an additional 33,804,647 shares in the last quarter. FMR LLC raised its holdings in shares of Discovery Communications by 7.6% in the 3rd quarter. FMR LLC now owns 11,974,666 shares of the company’s stock worth $383,189,000 after acquiring an additional 841,302 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Discovery Communications by 928.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 683,899 shares of the company’s stock worth $21,885,000 after acquiring an additional 617,398 shares during the last quarter. Man Group plc raised its holdings in shares of Discovery Communications by 199.3% in the 3rd quarter. Man Group plc now owns 749,403 shares of the company’s stock worth $23,980,000 after acquiring an additional 499,007 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Discovery Communications by 68.7% in the 2nd quarter. Schroder Investment Management Group now owns 1,056,200 shares of the company’s stock worth $30,080,000 after acquiring an additional 430,300 shares during the last quarter. 41.80% of the stock is currently owned by institutional investors.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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