Discovery Communications (NASDAQ:DISCA) had its price target lifted by analysts at Rosenblatt Securities from $30.00 to $33.00 in a research note issued on Sunday, AnalystRatings.com reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 5.80% from the company’s previous close.
DISCA has been the topic of a number of other reports. ValuEngine raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Friday. Imperial Capital raised shares of Discovery Communications from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $29.00 to $34.00 in a research report on Tuesday, October 22nd. Barrington Research reaffirmed a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a research report on Thursday, November 7th. Wells Fargo & Co started coverage on shares of Discovery Communications in a research report on Monday, September 23rd. They set an “outperform” rating and a $35.00 target price on the stock. Finally, BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.82.
Discovery Communications stock traded up $0.23 during midday trading on Friday, reaching $31.19. The stock had a trading volume of 139,141 shares, compared to its average volume of 3,871,638. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.33. Discovery Communications has a 52-week low of $23.79 and a 52-week high of $33.29. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.44 and a beta of 1.55. The company has a fifty day moving average of $27.58 and a 200 day moving average of $28.75.
In other news, Director Daniel E. Sanchez sold 1,059 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $28.40, for a total transaction of $30,075.60. Following the completion of the sale, the director now owns 16,789 shares of the company’s stock, valued at $476,807.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.43% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DISCA. CSat Investment Advisory L.P. boosted its holdings in Discovery Communications by 89.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock valued at $28,000 after purchasing an additional 426 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Discovery Communications during the 2nd quarter worth approximately $30,000. Steward Partners Investment Advisory LLC increased its stake in Discovery Communications by 558.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock worth $30,000 after buying an additional 961 shares during the period. Parkside Financial Bank & Trust increased its stake in Discovery Communications by 131.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,013 shares of the company’s stock worth $31,000 after buying an additional 576 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in Discovery Communications during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 33.94% of the company’s stock.
About Discovery Communications
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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