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.
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.
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.
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