Shares of Discovery Communications Inc. (NASDAQ:DISCA) have received a consensus rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $36.67.
A number of research firms have recently commented on DISCA. UBS Group upped their price target on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Rosenblatt Securities restated a “hold” rating and issued a $33.00 price target on shares of Discovery Communications in a report on Wednesday. Wells Fargo & Co upped their price target on shares of Discovery Communications from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Barrington Research restated a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a report on Thursday, November 7th. Finally, ValuEngine cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd.
In related news, insider Bruce Campbell sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.01, for a total value of $825,250.00. Following the completion of the transaction, the insider now directly owns 364,219 shares of the company’s stock, valued at approximately $12,022,869.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Advance Long-Term Management T sold 9,500,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.08, for a total transaction of $285,760,000.00. The disclosure for this sale can be found here. Corporate insiders own 4.43% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Evoke Wealth LLC purchased a new position in Discovery Communications during the 3rd quarter worth approximately $26,000. Truewealth LLC purchased a new position in Discovery Communications during the 4th quarter worth approximately $26,000. Covington Capital Management raised its position in Discovery Communications by 106.0% during the 3rd quarter. Covington Capital Management now owns 1,030 shares of the company’s stock worth $27,000 after buying an additional 530 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in Discovery Communications by 74.0% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 835 shares of the company’s stock worth $27,000 after buying an additional 355 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Discovery Communications by 558.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock worth $30,000 after buying an additional 961 shares during the last quarter. 37.31% of the stock is owned by hedge funds and other institutional investors.
DISCA stock traded down $0.78 during mid-day trading on Friday, reaching $29.21. 4,551,971 shares of the stock traded hands, compared to its average volume of 3,729,438. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.52 and a current ratio of 1.52. Discovery Communications has a one year low of $25.90 and a one year high of $33.65. The stock has a market capitalization of $15.75 billion, a PE ratio of 11.28, a PEG ratio of 0.34 and a beta of 1.57. The business has a 50-day moving average price of $30.85 and a two-hundred day moving average price of $29.69.
Discovery Communications Company Profile
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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