Discovery Communications (DISCA) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Headlines about Discovery Communications (NASDAQ:DISCA) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Discovery Communications earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.600518081855 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

DISCA has been the subject of a number of research reports. Royal Bank of Canada restated a “buy” rating and issued a $29.00 target price on shares of Discovery Communications in a research note on Friday, October 20th. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Bank of America upgraded Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, December 21st. Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a report on Thursday, October 12th. Finally, Deutsche Bank decreased their price target on Discovery Communications from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, November 30th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.17.

Shares of Discovery Communications (NASDAQ:DISCA) traded up $0.20 on Tuesday, reaching $24.53. The company’s stock had a trading volume of 5,511,843 shares, compared to its average volume of 6,358,950. 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 has a 12-month low of $15.99 and a 12-month high of $30.25. The company has a market capitalization of $9,030.00, a PE ratio of 19.31, a P/E/G ratio of 1.22 and a beta of 1.56.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $0.47 EPS. Discovery Communications’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts expect that Discovery Communications will post 1.94 earnings per share for the current fiscal year.

In related news, CFO Gunnar Wiedenfels bought 15,000 shares of Discovery Communications stock in a transaction on Friday, November 3rd. The shares were purchased at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the acquisition, the chief financial officer now owns 50,000 shares in the company, valued at $772,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 15,976 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total value of $343,484.00. Following the transaction, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 527,523 shares of company stock worth $9,629,104. Company insiders own 6.81% of the company’s stock.

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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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