Discovery Communications (DISCK) Cut to Hold at BidaskClub

BidaskClub lowered shares of Discovery Communications (NASDAQ:DISCK) from a buy rating to a hold rating in a report issued on Wednesday, February 7th.

Several other brokerages have also issued reports on DISCK. ValuEngine lowered shares of Discovery Communications from a buy rating to a hold rating in a research note on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Discovery Communications from $22.00 to $29.00 and gave the company an equal weight rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of Discovery Communications from a strong sell rating to a hold rating in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $29.00.

Shares of Discovery Communications (DISCK) traded down $0.17 during midday trading on Wednesday, reaching $22.65. 1,778,939 shares of the company’s stock traded hands, compared to its average volume of 2,934,900. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The company has a market cap of $8,585.57, a price-to-earnings ratio of 11.86 and a beta of 1.45. Discovery Communications has a 1-year low of $14.99 and a 1-year high of $29.18.

Institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of Discovery Communications by 3.3% during the second quarter. Parametric Portfolio Associates LLC now owns 373,942 shares of the company’s stock valued at $9,427,000 after purchasing an additional 11,840 shares during the period. Dimensional Fund Advisors LP raised its holdings in Discovery Communications by 25.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,959,719 shares of the company’s stock worth $49,406,000 after purchasing an additional 402,766 shares in the last quarter. Numeric Investors LLC increased its holdings in shares of Discovery Communications by 37.2% during the second quarter. Numeric Investors LLC now owns 20,300 shares of the company’s stock valued at $512,000 after acquiring an additional 5,500 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in shares of Discovery Communications during the second quarter valued at about $464,000. Finally, Macquarie Group Ltd. increased its holdings in shares of Discovery Communications by 193.2% during the second quarter. Macquarie Group Ltd. now owns 17,300 shares of the company’s stock valued at $436,000 after acquiring an additional 11,400 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

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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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