Discovery Communications (NASDAQ:DISCA) had its price target reduced by equities research analysts at Deutsche Bank from $38.00 to $30.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 41.31% from the company’s current price.
Several other research firms have also commented on DISCA. Barrington Research reissued an “outperform” rating and set a $28.00 price target (down from $34.00) on shares of Discovery Communications in a research report on Thursday, May 14th. ValuEngine downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Monday, May 4th. Credit Suisse Group dropped their price objective on Discovery Communications from $39.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Citigroup dropped their price objective on Discovery Communications from $39.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, April 17th. Finally, UBS Group dropped their price objective on Discovery Communications from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.58.
DISCA stock opened at $21.23 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.39. The business has a 50 day simple moving average of $21.80 and a 200-day simple moving average of $25.55. Discovery Communications has a twelve month low of $17.12 and a twelve month high of $33.65. The company has a market capitalization of $10.55 billion, a P/E ratio of 7.32, a PEG ratio of 0.55 and a beta of 1.51.
In other Discovery Communications news, Director John C. Malone sold 5,229 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $21.44, for a total value of $112,109.76. Following the completion of the transaction, the director now owns 780,591 shares of the company’s stock, valued at approximately $16,735,871.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.88% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of DISCA. Amundi Pioneer Asset Management Inc. increased its holdings in Discovery Communications by 92.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 199,431 shares of the company’s stock valued at $5,390,000 after purchasing an additional 96,008 shares in the last quarter. CapWealth Advisors LLC boosted its position in Discovery Communications by 10.2% in the 4th quarter. CapWealth Advisors LLC now owns 259,015 shares of the company’s stock valued at $8,480,000 after buying an additional 24,055 shares during the last quarter. Acadian Asset Management LLC bought a new position in Discovery Communications in the 4th quarter valued at $50,000. Private Advisor Group LLC boosted its position in Discovery Communications by 7.4% in the 4th quarter. Private Advisor Group LLC now owns 9,942 shares of the company’s stock valued at $326,000 after buying an additional 685 shares during the last quarter. Finally, KBC Group NV boosted its position in Discovery Communications by 15.7% in the 4th quarter. KBC Group NV now owns 9,419 shares of the company’s stock valued at $308,000 after buying an additional 1,280 shares during the last quarter. 36.27% of the stock is 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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