Discovery Inc Series C (NASDAQ:DISCK) Downgraded by ValuEngine to “Strong Sell”

ValuEngine cut shares of Discovery Inc Series C (NASDAQ:DISCK) from a sell rating to a strong sell rating in a report issued on Wednesday, ValuEngine reports.

A number of other analysts have also weighed in on the stock. Morgan Stanley reduced their price objective on shares of Discovery Inc Series C from $32.00 to $30.00 and set an equal weight rating for the company in a research note on Wednesday, November 6th. BidaskClub upgraded shares of Discovery Inc Series C from a sell rating to a hold rating in a research note on Saturday, November 9th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of Hold and a consensus target price of $30.00.

Shares of Discovery Inc Series C stock traded up $0.28 during trading on Wednesday, hitting $29.89. The company’s stock had a trading volume of 3,851,900 shares, compared to its average volume of 2,562,369. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.52 and a current ratio of 1.52. The company has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $26.77. The company has a market capitalization of $14.65 billion, a PE ratio of 8.06 and a beta of 1.43. Discovery Inc Series C has a 52 week low of $21.99 and a 52 week high of $30.29.

Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The company had revenue of $2.68 billion during the quarter. Discovery Inc Series C had a net margin of 16.81% and a return on equity of 23.29%.

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of Discovery Inc Series C by 1,011.1% in the second quarter. Wells Fargo & Company MN now owns 5,561,179 shares of the company’s stock worth $158,216,000 after acquiring an additional 5,060,685 shares during the period. Prudential Financial Inc. grew its stake in shares of Discovery Inc Series C by 764.8% in the second quarter. Prudential Financial Inc. now owns 4,706,539 shares of the company’s stock worth $133,901,000 after acquiring an additional 4,162,274 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Discovery Inc Series C by 19,346.1% in the second quarter. Nuveen Asset Management LLC now owns 1,734,207 shares of the company’s stock worth $49,339,000 after acquiring an additional 1,725,289 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Discovery Inc Series C in the second quarter worth approximately $42,675,000. Finally, Vanguard Group Inc. grew its stake in shares of Discovery Inc Series C by 4.1% in the second quarter. Vanguard Group Inc. now owns 37,405,007 shares of the company’s stock worth $1,064,172,000 after acquiring an additional 1,458,903 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

About Discovery Inc Series C

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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