Discovery Communications Inc. (NASDAQ:DISCB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “DISCOVERY COMMUNICATIONS is the world’s No. 1 nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “
Shares of Discovery Communications (NASDAQ:DISCB) remained flat at $28.25 during trading on Monday. The company had a trading volume of 7 shares. Discovery Communications has a 12-month low of $23.85 and a 12-month high of $29.57. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 15.97 and a beta of 1.55. The company has a 50 day moving average of $26.71 and a 200 day moving average of $26.58.
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.