Discovery Communications Inc. (DISCA) Stock Rating Reaffirmed by Jefferies Group
Discovery Communications Inc. (NASDAQ:DISCA)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a report released on Monday.
Several other analysts also recently issued reports on the stock. Loop Capital reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Discovery Communications in a research report on Saturday, September 3rd. Argus reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Discovery Communications in a research report on Monday, August 15th. Zacks Investment Research downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. FBR & Co reissued a “hold” rating on shares of Discovery Communications in a research report on Thursday, August 4th. Finally, MKM Partners raised their price target on shares of Discovery Communications from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.43.
Discovery Communications (NASDAQ:DISCA) traded up 0.73% during trading on Monday, hitting $24.73. 1,024,232 shares of the stock traded hands. The stock has a market cap of $10.34 billion, a P/E ratio of 13.45 and a beta of 1.59. The company’s 50 day moving average price is $25.88 and its 200-day moving average price is $26.80. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80.
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Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The company earned $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $0.49 earnings per share. Discovery Communications’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts forecast that Discovery Communications will post $1.98 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock valued at $104,000 after buying an additional 381 shares in the last quarter. Creative Planning raised its stake in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock valued at $132,000 after buying an additional 503 shares in the last quarter. Euclid Advisors LLC raised its stake in Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock valued at $149,000 after buying an additional 450 shares during the period. LS Investment Advisors LLC raised its stake in Discovery Communications by 6.4% in the second quarter. LS Investment Advisors LLC now owns 8,083 shares of the company’s stock valued at $204,000 after buying an additional 485 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Discovery Communications during the second quarter valued at $256,000. 40.59% of the stock is currently owned by institutional investors.
About Discovery Communications
Discovery Communications, Inc, (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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