Zacks Investment Research Upgrades Discovery Inc Series C (DISCK) to “Buy”

Discovery Inc Series C (NASDAQ:DISCK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $31.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 12.36% from the company’s previous close.

According to Zacks, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “

Other analysts have also issued reports about the company. BidaskClub upgraded Discovery Inc Series C from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 15th. ValuEngine upgraded Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th.



Shares of NASDAQ DISCK traded up $0.17 during midday trading on Monday, reaching $27.59. 2,512,028 shares of the company traded hands, compared to its average volume of 3,665,644. The stock has a market cap of $14.32 billion, a PE ratio of 12.32 and a beta of 1.35. Discovery Inc Series C has a 12 month low of $14.99 and a 12 month high of $31.39. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.45 and a current ratio of 1.45.

Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.17). The company had revenue of $2.85 billion for the quarter. Discovery Inc Series C had a negative net margin of 8.28% and a positive return on equity of 17.68%. Analysts predict that Discovery Inc Series C will post 2.85 earnings per share for the current year.

Several large investors have recently made changes to their positions in DISCK. Securian Asset Management Inc increased its position in Discovery Inc Series C by 5.8% in the third quarter. Securian Asset Management Inc now owns 36,361 shares of the company’s stock worth $1,076,000 after purchasing an additional 1,986 shares during the period. Butensky & Cohen Financial Security Inc. increased its position in Discovery Inc Series C by 3.0% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 70,720 shares of the company’s stock worth $1,803,000 after purchasing an additional 2,062 shares during the period. World Asset Management Inc increased its position in Discovery Inc Series C by 10.3% in the second quarter. World Asset Management Inc now owns 23,396 shares of the company’s stock worth $597,000 after purchasing an additional 2,186 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Discovery Inc Series C by 4.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 51,780 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,198 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Discovery Inc Series C by 51.6% in the second quarter. Qube Research & Technologies Ltd now owns 6,625 shares of the company’s stock worth $169,000 after purchasing an additional 2,256 shares during the period. Institutional investors own 55.91% of the company’s stock.

About Discovery Inc Series C

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

See Also: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on Discovery Inc Series C (DISCK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply