Shares of Discovery Communications Inc. (NASDAQ:DISCA) have been assigned an average recommendation of “Buy” from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $33.21.
A number of brokerages have recently weighed in on DISCA. Zacks Investment Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Cannonball Research cut shares of Discovery Communications to a “hold” rating and set a $33.00 price objective for the company. in a research note on Monday, November 19th. Pivotal Research reiterated a “hold” rating and set a $26.00 target price on shares of Discovery Communications in a research note on Tuesday, August 7th. Citigroup upped their target price on shares of Discovery Communications from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, MKM Partners upped their target price on shares of Discovery Communications from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, November 14th.
DISCA stock traded down $0.24 during trading hours on Friday, hitting $30.19. The company’s stock had a trading volume of 83,450 shares, compared to its average volume of 3,962,225. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.43 and a beta of 1.24. Discovery Communications has a 12 month low of $17.20 and a 12 month high of $34.89.
In other Discovery Communications news, insider Bruce Campbell sold 31,462 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $30.00, for a total value of $943,860.00. Following the sale, the insider now owns 72,256 shares of the company’s stock, valued at approximately $2,167,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth W. Lowe sold 183,621 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $25.58, for a total transaction of $4,697,025.18. Following the completion of the sale, the director now directly owns 1,331,277 shares in the company, valued at approximately $34,054,065.66. The disclosure for this sale can be found here. Insiders sold a total of 464,652 shares of company stock worth $13,203,210 in the last three months. Insiders own 6.73% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of DISCA. Truvestments Capital LLC acquired a new position in Discovery Communications during the 3rd quarter valued at about $122,000. Dupont Capital Management Corp raised its holdings in Discovery Communications by 108.8% during the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock worth $165,000 after buying an additional 3,132 shares during the period. FNY Investment Advisers LLC acquired a new stake in Discovery Communications during the 3rd quarter worth approximately $172,000. Chicago Equity Partners LLC acquired a new stake in Discovery Communications during the 3rd quarter worth approximately $200,000. Finally, Engineers Gate Manager LP acquired a new stake in Discovery Communications during the 3rd quarter worth approximately $202,000. 35.94% of the stock is currently owned by institutional investors and hedge funds.
Discovery Communications Company Profile
Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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