Discovery Communications (NASDAQ:DISCK) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCK) from a hold rating to a buy rating in a research report sent to investors on Friday, December 22nd.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Discovery Communications from a hold rating to a sell rating in a research report on Tuesday, September 19th. Morgan Stanley lowered their target price on shares of Discovery Communications from $31.00 to $22.00 and set an equal weight rating on the stock in a report on Thursday, October 26th. Finally, ValuEngine raised shares of Discovery Communications from a hold rating to a buy rating in a report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating, Discovery Communications currently has a consensus rating of Hold and a consensus target price of $25.50.

Shares of Discovery Communications (NASDAQ DISCK) traded up $0.29 during trading hours on Friday, reaching $23.00. 2,806,910 shares of the company traded hands, compared to its average volume of 4,860,000. Discovery Communications has a twelve month low of $14.99 and a twelve month high of $29.18. The firm has a market cap of $8,950.00, a P/E ratio of 18.11 and a beta of 1.42. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.

A number of large investors have recently made changes to their positions in DISCK. BB&T Investment Services Inc. acquired a new stake in Discovery Communications in the second quarter valued at approximately $102,000. Fiduciary Trust Co. acquired a new stake in Discovery Communications in the second quarter valued at approximately $160,000. Ontario Teachers Pension Plan Board acquired a new stake in Discovery Communications in the second quarter valued at approximately $196,000. Cadence Capital Management LLC boosted its position in Discovery Communications by 0.7% in the second quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock valued at $204,000 after buying an additional 55 shares in the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new stake in Discovery Communications in the third quarter valued at approximately $215,000. 48.23% of the stock is currently owned by institutional investors and hedge funds.

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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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