NASDAQ:DISCADiscovery Communications Stock Price, Forecast & News

Discovery Communications' stock was trading at $24.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DISCA shares have decreased by 9.6% and is now trading at $21.75. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discovery Communications in the last year. There are currently 3 hold ratings and 7 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 Tuesday, August 4th 2020. View our earnings forecast for Discovery Communications.

Discovery Communications Inc. (NASDAQ:DISCA) issued its earnings results on Wednesday, May, 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. The company earned $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. Discovery Communications had a net margin of 18.54% and a return on equity of 23.40%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. View Discovery Communications' earnings history.

10 brokerages have issued 12 month price targets for Discovery Communications' stock. Their forecasts range from $22.00 to $35.00. On average, they anticipate Discovery Communications' share price to reach $27.70 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price. View analysts' price targets for Discovery Communications.

Media coverage about DISCA stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Discovery Communications earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutDiscovery Communications.

Discovery Communications saw a increase in short interest in May. As of May 15th, there was short interest totaling 40,190,000 shares, an increase of 12.2% from the April 30th total of 35,810,000 shares. Based on an average trading volume of 5,970,000 shares, the days-to-cover ratio is presently 6.7 days. Currently, 26.1% of the shares of the 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), Entercom Communications (ETM), Saga Communications (SGA), Entravision Communication (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM). View all competitors.

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

Discovery Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.74%), Clearbridge Investments LLC (2.70%), State Street Corp (1.51%), JPMorgan Chase & Co. (1.20%), Smead Capital Management Inc. (0.89%) and New South Capital Management Inc. (0.69%). 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 sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Strs Ohio, Clark Estates Inc. NY, New South Capital Management Inc., Clearbridge Investments LLC, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, State of Tennessee Treasury Department, and Deutsche Bank AG. Company insiders that have sold Discovery Communications company stock in the last year include Advance Long-Term Management T, Bruce Campbell, Daniel E Sanchez, David Leavy, J David Wargo, Jean-Briac Perrette, John C Malone, and Savalle Sims. View insider buying and selling activity for Discovery Communications.

DISCA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Healthcare of Ontario Pension Plan Trust Fund, State Street Corp, Quaker Capital Investments LLC, Pendal Group Ltd, Zimmer Partners LP, and Two Sigma Advisers LP. Company insiders that have bought Discovery Communications stock in the last two years include 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 $21.75.

Discovery Communications has a market capitalization of $11.33 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.

The official website for Discovery Communications is 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]