Discovery Communications Inc. (NASDAQ:DISCK) was the recipient of unusually large options trading on Thursday. Traders acquired 9,798 put options on the stock. This represents an increase of approximately 3,144% compared to the typical volume of 302 put options.
Several research firms have recently weighed in on DISCK. BidaskClub cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Morgan Stanley lifted their price objective on Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised Discovery Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $29.00.
Several large investors have recently bought and sold shares of the stock. BB&T Investment Services Inc. bought a new position in shares of Discovery Communications during the second quarter valued at approximately $102,000. Ontario Teachers Pension Plan Board bought a new position in shares of Discovery Communications during the second quarter valued at approximately $196,000. Cohen Klingenstein LLC bought a new position in shares of Discovery Communications during the fourth quarter valued at approximately $204,000. Creative Planning bought a new position in Discovery Communications in the fourth quarter worth approximately $207,000. Finally, Weik Investment Services Inc. grew its stake in Discovery Communications by 34.5% in the second quarter. Weik Investment Services Inc. now owns 9,950 shares of the company’s stock worth $251,000 after purchasing an additional 2,550 shares in the last quarter. Institutional investors own 47.76% of the company’s stock.
Shares of Discovery Communications (DISCK) traded up $0.48 during trading on Monday, hitting $21.87. The stock had a trading volume of 2,532,720 shares, compared to its average volume of 3,407,756. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $8,107.96, a P/E ratio of 11.20 and a beta of 1.45. Discovery Communications has a fifty-two week low of $14.99 and a fifty-two week high of $29.18.
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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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