NASDAQ:DISCADiscovery Communications Stock Price, Forecast & News

Discovery Communications' stock was trading at $24.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DISCA stock has decreased by 7.2% and is now trading at $22.32. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discovery Communications in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Discovery Communications.

Discovery Communications is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Discovery Communications.

Discovery Communications Inc. (NASDAQ:DISCA) issued its quarterly earnings results on Thursday, February, 27th. The company reported $0.98 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.92 by $0.06. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.87 billion. Discovery Communications had a net margin of 18.57% and a return on equity of 24.05%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. View Discovery Communications' earnings history.

8 brokerages have issued 12 month price objectives for Discovery Communications' stock. Their forecasts range from $27.00 to $35.00. On average, they anticipate Discovery Communications' stock price to reach $31.50 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price. View analysts' price targets for Discovery Communications.

News articles about DISCA stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Discovery Communications earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutDiscovery Communications.

Discovery Communications saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 38,151,800 shares, a drop of 8.1% from the February 27th total of 41,530,000 shares. Based on an average daily volume of 6,632,100 shares, the days-to-cover ratio is presently 5.8 days. Approximately 25.2% of the company's stock are sold short. View Discovery Communications' Current Options Chain.

Some companies that are related to Discovery Communications include Liberty Media Formula One Series A (FWONA), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), Central European Media Enterprises (CETV), Saga Communications (SGA), Entravision Communication (EVC), Entercom Communications (ETM), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Discovery Communications investors own include Walt Disney (DIS), Netflix (NFLX), Comcast (CMCSA), NVIDIA (NVDA), AT&T (T), Intel (INTC), Activision Blizzard (ATVI), Johnson & Johnson (JNJ), Cisco Systems (CSCO) and Costco Wholesale (COST).

Discovery Communications trades on the NASDAQ under the ticker symbol "DISCA."

Discovery Communications' stock is owned by many different retail and institutional investors. Top institutional investors include M&R Capital Management Inc. (0.03%), Corrado Advisors LLC (0.01%), State of Alaska Department of Revenue (0.01%) and San Francisco Sentry Investment Group CA (0.00%). Company insiders that own Discovery Communications stock include Advance Long-Term Management T, Bruce Campbell, Daniel E Sanchez, David Leavy, Gunnar Wiedenfels, J David Wargo, Jean-Briac Perrette, John C Malone, Kenneth W Lowe, Kurt Wehner, Peter Faricy and Savalle Sims. View institutional ownership trends for Discovery Communications.

DISCA stock was purchased by a variety of institutional investors in the last quarter, including Corrado Advisors LLC, M&R Capital Management Inc., State of Alaska Department of Revenue, and San Francisco Sentry Investment Group CA. Company insiders that have bought Discovery Communications stock in the last two years include Gunnar Wiedenfels, J David Wargo, John C Malone, and Peter Faricy. View insider buying and selling activity for Discovery Communications.

Shares of DISCA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DISCA stock can currently be purchased for approximately $22.32.

Discovery Communications has a market capitalization of $11.73 billion and generates $11.14 billion in revenue each year. The company earns $2.07 billion in net income (profit) each year or $3.69 on an earnings per share basis. Discovery Communications employs 9,200 workers across the globe. View additional information about Discovery Communications.

The official website for Discovery Communications is http://corporate.discovery.com/.

Discovery Communications' mailing address is 8403 COLESVILLE ROAD, SILVER SPRING MD, 20910. The company can be reached via phone at 240-662-2000 or via email at [email protected]