Royal Bank Of Canada reiterated their buy rating on shares of Discovery Communications, Inc. (NASDAQ:DISCA) in a report issued on Friday, July 14th. They currently have a $32.00 price objective on the stock.
Several other analysts have also recently issued reports on DISCA. Zacks Investment Research raised Discovery Communications from a sell rating to a hold rating in a research report on Tuesday, March 28th. FBR & Co reaffirmed a hold rating and set a $30.00 target price on shares of Discovery Communications in a research report on Friday, April 7th. Citigroup Inc. upgraded Discovery Communications from a sell rating to a neutral rating in a report on Thursday, April 20th. Pivotal Research reiterated a hold rating and set a $28.00 price objective (up previously from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Finally, TheStreet upgraded Discovery Communications from a c+ rating to a b- rating in a report on Thursday, April 20th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $28.65.
Discovery Communications (NASDAQ:DISCA) traded up 1.55% on Friday, reaching $26.80. The company’s stock had a trading volume of 6,784,543 shares. The firm has a market cap of $11.87 billion, a PE ratio of 14.02 and a beta of 1.60. The stock’s 50 day moving average price is $26.21 and its 200 day moving average price is $27.38. Discovery Communications has a 52-week low of $23.95 and a 52-week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Equities research analysts expect that Discovery Communications will post $2.24 earnings per share for the current fiscal year.
In related news, insider Bruce Campbell sold 9,283 shares of Discovery Communications stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $26.43, for a total value of $245,349.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul A. Gould sold 8,832 shares of Discovery Communications stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the completion of the sale, the director now owns 188,676 shares in the company, valued at $4,901,802.48. The disclosure for this sale can be found here. 5.78% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its stake in Discovery Communications by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 316,997 shares of the company’s stock valued at $8,689,000 after buying an additional 15,272 shares during the last quarter. Auxier Asset Management raised its stake in Discovery Communications by 2.6% in the fourth quarter. Auxier Asset Management now owns 207,836 shares of the company’s stock valued at $5,697,000 after buying an additional 5,350 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in Discovery Communications during the fourth quarter valued at approximately $250,000. UBS Asset Management Americas Inc. raised its stake in Discovery Communications by 3.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,038,265 shares of the company’s stock valued at $28,458,000 after buying an additional 35,018 shares during the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new stake in Discovery Communications during the fourth quarter valued at approximately $2,955,000. 44.26% of the stock is currently owned by hedge funds and other institutional investors.
Discovery Communications Company Profile
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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