Discovery Communications (NASDAQ:DISCA) had its price objective lifted by analysts at Royal Bank of Canada to $29.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 12.80% from the company’s current price.
Other analysts have also issued research reports about the stock. B. Riley restated a “neutral” rating and issued a $19.00 price target (down previously from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Discovery Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th. Macquarie upgraded shares of Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 price target for the company in a research note on Tuesday, January 2nd. Barrington Research upgraded shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $25.00 price target (up previously from $18.00) on shares of Discovery Communications in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and an average price target of $24.44.
Discovery Communications (NASDAQ:DISCA) traded up $0.12 during midday trading on Thursday, hitting $25.71. 4,177,065 shares of the stock were exchanged, compared to its average volume of 4,704,679. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $9,699.99, a PE ratio of 13.46, a P/E/G ratio of 1.27 and a beta of 1.55.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. equities analysts forecast that Discovery Communications will post 1.95 earnings per share for the current fiscal year.
In other Discovery Communications news, insider Bruce Campbell sold 15,976 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $21.50, for a total transaction of $343,484.00. Following the completion of the sale, the insider now owns 85,298 shares in the company, valued at $1,833,907. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels bought 15,000 shares of the stock in a transaction on Friday, November 3rd. The shares were acquired at an average price of $15.45 per share, with a total value of $231,750.00. Following the purchase, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $772,500. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 527,523 shares of company stock valued at $9,629,104. 6.81% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DISCA. Bank of New York Mellon Corp boosted its holdings in shares of Discovery Communications by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after acquiring an additional 1,297,175 shares during the period. FMR LLC boosted its holdings in shares of Discovery Communications by 32.7% during the second quarter. FMR LLC now owns 4,938,569 shares of the company’s stock valued at $127,563,000 after acquiring an additional 1,216,517 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Discovery Communications during the third quarter valued at $19,118,000. Vanguard Group Inc. boosted its holdings in shares of Discovery Communications by 5.4% during the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after acquiring an additional 858,015 shares during the period. Finally, Alpine Associates Management Inc. acquired a new position in shares of Discovery Communications during the third quarter valued at $10,115,000. 48.13% of the stock is owned by institutional investors.
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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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