Discovery Communications (NASDAQ:DISCA) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCA) from a hold rating to a buy rating in a research report report published on Tuesday morning, BidAskClub reports.

A number of other equities analysts also recently issued reports on DISCA. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Monday, May 13th. Wolfe Research began coverage on Waters in a research report on Thursday, May 30th. They set an underperform rating on the stock. Finally, Imperial Capital increased their price target on Discovery Communications from $29.00 to $30.00 and gave the stock an in-line rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $33.89.

Shares of DISCA opened at $31.62 on Tuesday. Discovery Communications has a 52 week low of $23.79 and a 52 week high of $34.89. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $16.61 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.42 and a beta of 1.47. The business has a 50-day moving average of $29.36.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. Equities research analysts expect that Discovery Communications will post 3.93 EPS for the current fiscal year.

In other news, insider Bruce Campbell sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $28.89, for a total value of $288,900.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter Faricy bought 35,900 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of $27.91 per share, for a total transaction of $1,001,969.00. Following the transaction, the chief executive officer now owns 182,367 shares of the company’s stock, valued at $5,089,862.97. The disclosure for this purchase can be found here. Company insiders own 4.43% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DISCA. Thor Advisors LLC acquired a new stake in Discovery Communications during the first quarter worth $29,000. Northwestern Mutual Wealth Management Co. increased its stake in Discovery Communications by 96.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock worth $52,000 after acquiring an additional 945 shares during the last quarter. FTB Advisors Inc. increased its stake in Discovery Communications by 316.7% during the first quarter. FTB Advisors Inc. now owns 2,963 shares of the company’s stock worth $78,000 after acquiring an additional 2,252 shares during the last quarter. Mint Tower Capital Management B.V. acquired a new stake in Discovery Communications during the first quarter worth $80,000. Finally, Osborn Williams & Donohoe LLC acquired a new stake in Discovery Communications during the first quarter worth $82,000. Institutional investors and hedge funds own 34.42% of the company’s stock.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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