Discovery Communications (DISCA) Rating Lowered to Hold at ValuEngine

Discovery Communications (NASDAQ:DISCA) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other equities research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “neutral” rating and issued a $19.00 price objective (down previously from $23.00) on shares of Discovery Communications in a report on Wednesday, November 1st. Sanford C. Bernstein reissued an “underperform” rating on shares of Discovery Communications in a report on Tuesday, September 12th. BidaskClub raised shares of Discovery Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th. Credit Suisse Group raised shares of Discovery Communications from an “underperform” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.00 in a report on Thursday, September 14th. Finally, Jefferies Group cut their price target on shares of Discovery Communications from $27.00 to $20.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. Discovery Communications currently has a consensus rating of “Hold” and an average target price of $24.06.

Shares of Discovery Communications (NASDAQ DISCA) opened at $22.38 on Friday. The firm has a market cap of $8,483.23, a PE ratio of 11.72, a P/E/G ratio of 1.26 and a beta of 1.55. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. analysts forecast that Discovery Communications will post 1.94 EPS for the current fiscal year.

In related news, Director John C. Malone acquired 332,523 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $19.72 per share, for a total transaction of $6,557,353.56. Following the acquisition, the director now owns 671,095 shares in the company, valued at $13,233,993.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were bought at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the acquisition, the chief financial officer now owns 50,000 shares in the company, valued at approximately $772,500. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 527,523 shares of company stock worth $9,629,104. Corporate insiders own 6.81% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DISCA. Beach Investment Management LLC. acquired a new position in shares of Discovery Communications in the 2nd quarter valued at about $254,000. Schwab Charles Investment Management Inc. grew its stake in shares of Discovery Communications by 17.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 563,742 shares of the company’s stock valued at $14,562,000 after buying an additional 82,427 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Discovery Communications by 19.5% in the 2nd quarter. Victory Capital Management Inc. now owns 49,655 shares of the company’s stock valued at $1,283,000 after buying an additional 8,100 shares in the last quarter. Andra AP fonden grew its stake in shares of Discovery Communications by 44.9% in the 2nd quarter. Andra AP fonden now owns 66,500 shares of the company’s stock valued at $1,718,000 after buying an additional 20,600 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Discovery Communications by 28.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,210 shares of the company’s stock valued at $987,000 after buying an additional 8,473 shares in the last quarter. Institutional investors own 48.12% 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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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