BidaskClub lowered shares of Discovery Communications (NASDAQ:DISCK) from a buy rating to a hold rating in a research report sent to investors on Friday, March 9th.
Several other research firms have also recently weighed in on DISCK. ValuEngine cut shares of Discovery Communications from a buy rating to a hold rating in a research note on Friday, February 2nd. Morgan Stanley raised their price target on Discovery Communications from $22.00 to $29.00 and gave the company an equal weight rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised Discovery Communications from a strong sell rating to a hold rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $29.00.
Shares of DISCK traded up $0.05 during mid-day trading on Friday, hitting $19.57. 7,426,191 shares of the company’s stock were exchanged, compared to its average volume of 5,002,998. The stock has a market capitalization of $7,454.83, a P/E ratio of 9.81 and a beta of 1.46. Discovery Communications has a 52 week low of $14.99 and a 52 week high of $29.18. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 earnings per share for the quarter. Discovery Communications had a negative net margin of 4.90% and a positive return on equity of 21.68%. The company had revenue of $1.86 billion during the quarter.
Several institutional investors and hedge funds have recently bought and sold shares of DISCK. Highlander Capital Management LLC increased its position in shares of Discovery Communications by 5,747.1% in the fourth quarter. Highlander Capital Management LLC now owns 5,087 shares of the company’s stock worth $108,000 after purchasing an additional 5,000 shares during the period. Cohen Klingenstein LLC bought a new position in Discovery Communications in the fourth quarter valued at about $204,000. Creative Planning bought a new position in Discovery Communications in the fourth quarter valued at about $207,000. Mint Tower Capital Management B.V. bought a new position in Discovery Communications in the third quarter valued at about $215,000. Finally, Bfsg LLC bought a new position in Discovery Communications in the fourth quarter valued at about $243,000. 51.80% of the stock is owned by institutional investors.
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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