DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) Given a $38.00 Price Target by Macquarie Analysts

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) has been given a $38.00 target price by equities researchers at Macquarie in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Macquarie’s price objective would indicate a potential upside of 18.09% from the company’s previous close.

A number of other equities research analysts also recently weighed in on DISCA. BidaskClub upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Jefferies Financial Group upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, August 21st. ValuEngine upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 16th. Finally, Bank of America raised their price target on shares of DISCOVERY COMMUNICATIONS INC. Common Stock from $30.00 to $35.50 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $28.18.

DISCOVERY COMMUNICATIONS INC. Common Stock stock traded up $0.34 during trading hours on Friday, reaching $32.18. 5,723,007 shares of the stock were exchanged, compared to its average volume of 3,353,746. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.53 and a beta of 1.49. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.84. DISCOVERY COMMUNICATIONS INC. Common Stock has a twelve month low of $15.99 and a twelve month high of $32.65.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. DISCOVERY COMMUNICATIONS INC. Common Stock had a positive return on equity of 17.68% and a negative net margin of 8.28%. sell-side analysts expect that DISCOVERY COMMUNICATIONS INC. Common Stock will post 2.63 earnings per share for the current year.

In related news, Director Kenneth W. Lowe sold 183,621 shares of DISCOVERY COMMUNICATIONS INC. Common Stock stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $25.58, for a total transaction of $4,697,025.18. Following the sale, the director now directly owns 1,331,277 shares in the company, valued at approximately $34,054,065.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kurt Wehner sold 7,233 shares of DISCOVERY COMMUNICATIONS INC. Common Stock stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $30.04, for a total transaction of $217,279.32. Following the sale, the insider now owns 18,844 shares in the company, valued at $566,073.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 192,520 shares of company stock worth $4,961,302. 6.73% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of DISCA. SG Americas Securities LLC boosted its position in DISCOVERY COMMUNICATIONS INC. Common Stock by 102.9% during the 1st quarter. SG Americas Securities LLC now owns 77,987 shares of the company’s stock worth $1,671,000 after buying an additional 39,551 shares during the period. Prudential Financial Inc. raised its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 10.7% during the 1st quarter. Prudential Financial Inc. now owns 653,852 shares of the company’s stock worth $14,012,000 after purchasing an additional 63,296 shares during the last quarter. M&T Bank Corp raised its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 33.0% during the 1st quarter. M&T Bank Corp now owns 25,878 shares of the company’s stock worth $554,000 after purchasing an additional 6,420 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 37.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 20,862 shares of the company’s stock worth $446,000 after purchasing an additional 5,720 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in DISCOVERY COMMUNICATIONS INC. Common Stock during the 1st quarter worth approximately $1,016,000. Institutional investors and hedge funds own 37.34% of the company’s stock.

About DISCOVERY COMMUNICATIONS INC. Common Stock

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.

Read More: Book Value Per Share – BVPS

Analyst Recommendations for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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