Published On: Mon, Sep 12th, 2016

Jefferies Group Reaffirms “Hold” Rating for Discovery Communications Inc. (DISCA)

Discovery Communications Inc. (NASDAQ:DISCA)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a note issued to investors on Monday.
Other equities analysts also recently issued reports about the company. Pivotal Research reissued a “buy” rating on shares of Discovery Communications in a research report on Monday, August 1st. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $36.00 target price on shares of Discovery Communications in a research report on Monday, June 27th. Argus reissued a “buy” rating and issued a $40.00 target price on shares of Discovery Communications in a research report on Monday, August 15th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $31.00 price target on shares of Discovery Communications in a report on Saturday, September 3rd. Three equities research 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 company currently has a consensus rating of “Hold” and an average target price of $30.43.
Shares of Discovery Communications (NASDAQ:DISCA) traded up 1.06% during midday trading on Monday, hitting $24.81. The stock had a trading volume of 1,044,352 shares. The firm has a 50 day moving average price of $25.88 and a 200-day moving average price of $26.80. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80. The stock has a market cap of $10.37 billion, a PE ratio of 13.49 and a beta of 1.59.

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Discovery Communications (NASDAQ:DISCA) last released its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Equities analysts predict that Discovery Communications will post $1.98 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in DISCA. TIAA CREF Investment Management LLC increased its stake in shares of Discovery Communications by 3.1% in the first quarter. TIAA CREF Investment Management LLC now owns 650,208 shares of the company’s stock worth $18,615,000 after buying an additional 19,544 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of Discovery Communications by 8.7% in the first quarter. Ngam Advisors L.P. now owns 113,272 shares of the company’s stock worth $3,243,000 after buying an additional 9,107 shares in the last quarter. CQS Cayman LP purchased a new stake in shares of Discovery Communications during the first quarter worth about $8,860,000. Addenda Capital Inc. increased its stake in shares of Discovery Communications by 2.4% in the first quarter. Addenda Capital Inc. now owns 39,391 shares of the company’s stock worth $970,000 after buying an additional 909 shares in the last quarter. Finally, Middleton & Co Inc MA increased its stake in shares of Discovery Communications by 6.3% in the first quarter. Middleton & Co Inc MA now owns 59,886 shares of the company’s stock worth $1,715,000 after buying an additional 3,535 shares in the last quarter. Institutional investors and hedge funds own 40.59% of the company’s stock.
Discovery Communications Company Profile
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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