Shares of Discovery Communications Inc. (NASDAQ:DISCA) have been assigned an average rating of “Hold” from the twenty-five brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.06.
DISCA has been the subject of several analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $19.00 price objective (down from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a research note on Sunday. Macquarie raised Discovery Communications from a “neutral” rating to an “outperform” rating in a research note on Tuesday. BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, UBS Group raised Discovery Communications from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $23.00 in a research note on Tuesday, September 26th.
In other Discovery Communications news, insider Bruce Campbell sold 3,047 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total transaction of $55,363.99. Following the transaction, the insider now directly owns 43,173 shares in the company, valued at approximately $784,453.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone acquired 332,523 shares of Discovery Communications 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 completion of the acquisition, the director now directly owns 671,095 shares in the company, valued at $13,233,993.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 527,523 shares of company stock valued at $9,629,104 over the last three months. 6.81% of the stock is owned by corporate insiders.
Discovery Communications (DISCA) opened at $22.38 on Tuesday. Discovery Communications has a one year low of $15.99 and a one year high of $30.25. The company has a market capitalization of $8,483.23, a P/E ratio of 11.72, a P/E/G ratio of 1.26 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $0.47 earnings per share. Discovery Communications’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts anticipate that Discovery Communications will post 1.94 EPS for the current year.
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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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