Discovery Communications (NASDAQ:DISCA) was upgraded by research analysts at ValuEngine from a "strong sell" rating to a "sell" rating in a research report issued on Monday, ValuEngine reports.
A number of other research firms have also recently weighed in on DISCA. Deutsche Bank lowered their target price on shares of Discovery Communications from $38.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Goldman Sachs Group began coverage on shares of Discovery Communications in a research note on Monday. They issued a "neutral" rating and a $20.00 target price on the stock. Zacks Investment Research raised shares of Discovery Communications from a "sell" rating to a "hold" rating and set a $26.00 target price on the stock in a research note on Monday, June 8th. Citigroup lowered their target price on shares of Discovery Communications from $39.00 to $27.00 and set a "buy" rating on the stock in a research note on Friday, April 17th. Finally, Credit Suisse Group decreased their price objective on shares of Discovery Communications from $39.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, March 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of "Hold" and a consensus target price of $27.00.
Discovery Communications stock traded up $0.29 on Monday, reaching $20.52. 6,806,266 shares of the stock were exchanged, compared to its average volume of 5,372,294. The stock has a market cap of $10.54 billion, a PE ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.51. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.39. Discovery Communications has a twelve month low of $17.12 and a twelve month high of $33.65. The firm has a fifty day moving average price of $21.85 and a two-hundred day moving average price of $24.91.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.03. Discovery Communications had a net margin of 18.54% and a return on equity of 23.40%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business's revenue was down .9% compared to the same quarter last year. Equities analysts anticipate that Discovery Communications will post 2.89 EPS for the current fiscal year.
In other Discovery Communications news, Director John C. Malone sold 5,229 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $21.44, for a total value of $112,109.76. Following the sale, the director now directly owns 780,591 shares in the company, valued at $16,735,871.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.88% of the company's stock.
Hedge funds have recently modified their holdings of the company. Level Four Advisory Services LLC bought a new stake in shares of Discovery Communications during the fourth quarter worth $243,000. Sunbelt Securities Inc. bought a new position in Discovery Communications in the fourth quarter valued at $10,739,000. Pathstone Family Office LLC grew its position in Discovery Communications by 54.0% in the first quarter. Pathstone Family Office LLC now owns 1,549 shares of the company's stock valued at $31,000 after purchasing an additional 543 shares in the last quarter. Eudaimonia Partners LLC bought a new position in Discovery Communications in the first quarter valued at $39,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Discovery Communications in the first quarter valued at $41,000. 36.22% of the stock is owned by institutional investors.
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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12 Stocks Corporate Insiders are Abandoning
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
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