Discovery Communications Inc. (DISCA) Upgraded by Citigroup Inc to Neutral

Discovery Communications Inc. (NASDAQ:DISCA) was upgraded by research analysts at Citigroup Inc from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, January 17th. Pivotal Research downgraded Discovery Communications from a “buy” rating to a “hold” rating and dropped their price target for the stock from $33.00 to $28.00 in a research note on Thursday, January 12th. FBR & Co restated a “hold” rating and issued a $30.00 price target on shares of Discovery Communications in a research note on Friday, April 7th. Loop Capital downgraded Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Wednesday, February 22nd. They noted that the move was a valuation call. Finally, Jefferies Group LLC restated a “hold” rating and issued a $28.00 price target on shares of Discovery Communications in a research note on Wednesday, February 22nd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.28.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Shares of Discovery Communications (NASDAQ:DISCA) opened at 29.16 on Thursday. The firm has a 50-day moving average price of $28.31 and a 200-day moving average price of $27.73. Discovery Communications has a one year low of $23.66 and a one year high of $30.25. The company has a market capitalization of $17.07 billion, a P/E ratio of 14.90 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The company earned $1.67 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts forecast that Discovery Communications will post $2.15 earnings per share for the current year.

WARNING: This story was first posted by WKRB News and is the property of of WKRB News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.wkrb13.com/markets/2063955/discovery-communications-inc-disca-upgraded-by-citigroup-inc-to-neutral.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus Investment Advisers Inc. acquired a new position in shares of Discovery Communications during the third quarter valued at about $105,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Discovery Communications during the fourth quarter valued at about $128,000. Pacad Investment Ltd. acquired a new position in shares of Discovery Communications during the fourth quarter valued at about $145,000. Acrospire Investment Management LLC raised its position in shares of Discovery Communications by 113.8% in the third quarter. Acrospire Investment Management LLC now owns 6,200 shares of the company’s stock valued at $167,000 after buying an additional 3,300 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new position in shares of Discovery Communications during the first quarter valued at about $189,000. Institutional investors and hedge funds own 41.96% of the company’s stock.

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.

5 Day Chart for NASDAQ:DISCA

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2063955/discovery-communications-inc-disca-upgraded-by-citigroup-inc-to-neutral.html

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.