Deutsche Bank AG restated their hold rating on shares of Discovery Communications, Inc. (NASDAQ:DISCA) in a report published on Friday, July 14th. The firm currently has a $30.00 price objective on the stock, down from their previous price objective of $32.00.
DISCA has been the topic of several other reports. Zacks Investment Research upgraded shares of Discovery Communications from a sell rating to a hold rating in a report on Tuesday, March 28th. FBR & Co restated a hold rating and issued a $30.00 price objective on shares of Discovery Communications in a report on Friday, April 7th. Citigroup Inc. upgraded shares of Discovery Communications from a sell rating to a neutral rating in a report on Thursday, April 20th. Pivotal Research reiterated a hold rating and set a $28.00 target price (up from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Finally, TheStreet upgraded shares of Discovery Communications from a c+ rating to a b- rating in a report on Thursday, April 20th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $28.25.
Shares of Discovery Communications (DISCA) opened at 22.91 on Friday. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 12.15 and a beta of 1.59. The firm has a 50-day moving average price of $25.61 and a 200-day moving average price of $27.14. Discovery Communications has a 52 week low of $22.82 and a 52 week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities analysts anticipate that Discovery Communications will post $2.24 earnings per share for the current year.
In other news, CFO Gunnar Wiedenfels bought 20,000 shares of Discovery Communications stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $23.01 per share, with a total value of $460,200.00. Following the completion of the transaction, the chief financial officer now owns 20,000 shares in the company, valued at approximately $460,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director S Decker Anstrom bought 10,000 shares of Discovery Communications stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $23.05 per share, for a total transaction of $230,500.00. The disclosure for this purchase can be found here. 5.78% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its stake in Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock valued at $106,000 after buying an additional 215 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock valued at $132,000 after buying an additional 900 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Discovery Communications during the second quarter valued at $133,000. Acadian Asset Management LLC acquired a new stake in Discovery Communications during the first quarter valued at $134,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Discovery Communications during the first quarter valued at approximately $182,000. 44.31% of the stock is currently owned by institutional investors and hedge funds.
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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