Discovery Communications Inc. (NASDAQ:DISCA) Receives Consensus Rating of “Hold” from Analysts

Shares of Discovery Communications Inc. (NASDAQ:DISCA) have been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $35.50.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Imperial Capital cut their target price on shares of Discovery Communications from $30.00 to $29.00 and set an “inline” rating for the company in a research report on Tuesday, August 27th. Finally, Wells Fargo & Co assumed coverage on shares of Discovery Communications in a research report on Monday, September 23rd. They set an “outperform” rating and a $35.00 target price for the company.

Discovery Communications stock traded down $0.03 on Monday, reaching $27.68. 2,145,147 shares of the stock were exchanged, compared to its average volume of 3,894,782. The stock has a market cap of $14.99 billion, a PE ratio of 13.12, a PEG ratio of 0.40 and a beta of 1.53. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Communications has a twelve month low of $23.79 and a twelve month high of $34.89. The firm has a fifty day moving average price of $27.26 and a two-hundred day moving average price of $28.90.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.89 billion. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. Equities analysts anticipate that Discovery Communications will post 3.62 EPS for the current fiscal year.

In related news, Director Daniel E. Sanchez sold 1,059 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $28.40, for a total value of $30,075.60. Following the sale, the director now owns 16,789 shares of the company’s stock, valued at $476,807.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Savalle Sims sold 3,085 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.18, for a total transaction of $93,105.30. Following the completion of the sale, the general counsel now directly owns 46,388 shares in the company, valued at approximately $1,399,989.84. The disclosure for this sale can be found here. Insiders own 4.43% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HM Payson & Co. bought a new stake in Discovery Communications in the second quarter valued at about $133,000. Ellington Management Group LLC boosted its position in Discovery Communications by 377.6% in the second quarter. Ellington Management Group LLC now owns 40,600 shares of the company’s stock valued at $1,246,000 after buying an additional 32,100 shares in the last quarter. LPL Financial LLC boosted its position in Discovery Communications by 2.3% in the second quarter. LPL Financial LLC now owns 38,294 shares of the company’s stock valued at $1,176,000 after buying an additional 850 shares in the last quarter. Coastal Investment Advisors Inc. boosted its position in Discovery Communications by 10.9% in the second quarter. Coastal Investment Advisors Inc. now owns 10,553 shares of the company’s stock valued at $322,000 after buying an additional 1,038 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its position in Discovery Communications by 63.6% in the second quarter. ETRADE Capital Management LLC now owns 22,909 shares of the company’s stock valued at $703,000 after buying an additional 8,906 shares in the last quarter. 34.04% of the stock is currently owned by institutional investors and hedge funds.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, 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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