Discovery Communications (DISCA) Receives New Coverage from Analysts at Wolfe Research

Investment analysts at Wolfe Research started coverage on shares of Discovery Communications (NASDAQ:DISCA) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set an “outperform” rating on the stock.

DISCA has been the topic of a number of other research reports. Pivotal Research raised Discovery Communications from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Thursday. Barclays reaffirmed a “hold” rating on shares of Discovery Communications in a research note on Tuesday. Imperial Capital cut their target price on Discovery Communications from $37.00 to $31.00 and set an “inline” rating on the stock in a research note on Tuesday. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, November 27th. Finally, Citigroup upped their target price on Discovery Communications from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, November 20th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.79.

NASDAQ DISCA traded up $0.12 during trading hours on Friday, hitting $29.27. 164,443 shares of the company were exchanged, compared to its average volume of 4,244,423. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.01. Discovery Communications has a 52 week low of $19.03 and a 52 week high of $34.89. The stock has a market capitalization of $14.65 billion, a P/E ratio of 13.03, a PEG ratio of 0.39 and a beta of 1.24.



Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). Discovery Communications had a positive return on equity of 17.05% and a negative net margin of 8.52%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The company’s revenue was up 57.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Discovery Communications will post 2.67 earnings per share for the current fiscal year.

In related news, insider Bruce Campbell sold 31,462 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $30.00, for a total value of $943,860.00. Following the completion of the sale, the insider now owns 72,256 shares in the company, valued at $2,167,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Savalle Sims sold 1,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $28.21, for a total value of $46,997.86. Following the completion of the sale, the general counsel now owns 208 shares of the company’s stock, valued at approximately $5,867.68. The disclosure for this sale can be found here. Insiders sold 281,031 shares of company stock valued at $8,506,185 in the last quarter. 6.73% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in shares of Discovery Communications during the 3rd quarter valued at $122,000. Dupont Capital Management Corp lifted its holdings in shares of Discovery Communications by 108.8% during the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock valued at $165,000 after purchasing an additional 3,132 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Discovery Communications during the 3rd quarter valued at $172,000. Chicago Equity Partners LLC purchased a new stake in shares of Discovery Communications during the 3rd quarter valued at $200,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Discovery Communications during the 3rd quarter valued at $202,000. Institutional investors own 41.80% of the company’s stock.

About Discovery Communications

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.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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