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, February 16th.
Several other equities research analysts also recently weighed in on DISCK. Morgan Stanley lifted their price target on shares of Discovery Communications from $22.00 to $29.00 and gave the company an equal weight rating in a research note on Wednesday, January 31st. ValuEngine cut shares of Discovery Communications from a buy rating to a hold rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of 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, Discovery Communications has a consensus rating of Hold and a consensus price target of $29.00.
Shares of Discovery Communications (NASDAQ:DISCK) traded down $0.20 on Friday, hitting $22.25. 5,086,919 shares of the stock traded hands, compared to its average volume of 4,606,022. The company has a debt-to-equity ratio of 3.20, a current ratio of 5.34 and a quick ratio of 5.34. The company has a market capitalization of $8,638.74, a PE ratio of -37.30 and a beta of 1.41. Discovery Communications has a 12 month low of $14.99 and a 12 month high of $29.18.
Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 earnings per share (EPS) for the quarter. Discovery Communications had a negative net margin of 4.90% and a positive return on equity of 21.68%. The business had revenue of $1.86 billion for the quarter.
A number of institutional investors have recently bought and sold shares of DISCK. Amalgamated Bank boosted its stake in shares of Discovery Communications by 9.9% in the 4th quarter. Amalgamated Bank now owns 25,714 shares of the company’s stock valued at $544,000 after purchasing an additional 2,327 shares in the last quarter. Nippon Life Insurance Co. boosted its position in Discovery Communications by 8.3% during the 3rd quarter. Nippon Life Insurance Co. now owns 37,203 shares of the company’s stock valued at $754,000 after buying an additional 2,867 shares during the period. Weik Capital Management boosted its position in Discovery Communications by 14.9% during the 4th quarter. Weik Capital Management now owns 24,300 shares of the company’s stock valued at $514,000 after buying an additional 3,150 shares during the period. Mutual of America Capital Management LLC boosted its position in Discovery Communications by 14.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 29,332 shares of the company’s stock valued at $621,000 after buying an additional 3,747 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in Discovery Communications by 16.7% during the 4th quarter. OppenheimerFunds Inc. now owns 26,386 shares of the company’s stock valued at $559,000 after buying an additional 3,777 shares during the period. 52.95% 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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