Discovery Communications, Inc. (NASDAQ:DISCA) Director John C. Malone bought 332,523 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the transaction, the director now owns 671,095 shares in the company, valued at $13,233,993.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) opened at $21.04 on Friday. The firm has a market capitalization of $7,596.24, a PE ratio of 9.63, a price-to-earnings-growth ratio of 1.13 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, Inc. has a 12-month low of $15.99 and a 12-month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. Discovery Communications’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. equities analysts anticipate that Discovery Communications, Inc. will post 1.94 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on DISCA shares. Loop Capital cut their target price on Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. B. Riley reissued a “neutral” rating and issued a $19.00 target price (down from $23.00) on shares of Discovery Communications in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $29.00 target price on shares of Discovery Communications in a research report on Friday, October 20th. Finally, BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Saturday. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.67.
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About Discovery Communications
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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