Needham & Company LLC reiterated their hold rating on shares of Discovery Communications Inc. (NASDAQ:DISCA) in a research note released on Thursday morning.
A number of other research analysts also recently issued reports on DISCA. Sanford C. Bernstein reissued an underperform rating on shares of Discovery Communications in a research note on Friday, June 17th. Royal Bank Of Canada reaffirmed a buy rating and set a $36.00 price target on shares of Discovery Communications in a research note on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Discovery Communications in a research note on Saturday, July 9th. Zacks Investment Research downgraded Discovery Communications from a buy rating to a hold rating in a research note on Monday, July 11th. Finally, MKM Partners dropped their price target on Discovery Communications from $28.00 to $27.00 and set a neutral rating on the stock in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $30.15.
Discovery Communications (NASDAQ:DISCA) traded down 1.29% on Thursday, reaching $25.35. The company’s stock had a trading volume of 928,333 shares. The firm’s 50-day moving average price is $25.84 and its 200 day moving average price is $26.57. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80. The company has a market cap of $10.60 billion, a P/E ratio of 13.78 and a beta of 1.59.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. Equities analysts anticipate that Discovery Communications will post $1.97 EPS for the current fiscal year.
Several large investors have recently modified their holdings of DISCA. Nordea Investment Management AB increased 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 worth $104,000 after buying an additional 381 shares during the period. Pacer Advisors Inc. increased its stake in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares during the period. Advisor Group Inc. acquired a new stake in shares of Discovery Communications during the second quarter worth about $116,000. Creative Planning increased 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 worth $132,000 after buying an additional 503 shares during the period. Finally, Euclid Advisors LLC increased its stake in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares during the period. Institutional investors own 40.59% of the company’s stock.
Discovery Communications Company Profile