Analyst Revises Discovery Communications, Inc. (NASDAQ:DISCA) Stock Target


Discovery Communications, Inc. (NASDAQ:DISCA) mean price target has been set at $28.760 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.480 in the near-term quarter and $1.890 for the ongoing fiscal. The market cap of Discovery Communications, Inc. was recorded at $11.62B after the stock closed at $27.115 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Discovery Communications, Inc. (NASDAQ:DISCA) has a P/E ratio of 16.676. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Discovery Communications, Inc. (NASDAQ:DISCA) PEG ratio sits at 1.000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Discovery Communications, Inc. visibly illustrates that the 50-day MA of Discovery Communications, Inc. is $25.321, and stock is trading 1.794 or +7.083% distant from $25.321. The 200-day MA is $26.856, and this price is $0.259 or +0.964% off from current level. Discovery Communications, Inc. (NASDAQ:DISCA) 52-week high is $32.610 and the 52-week low is $23.660. This represents that if the stock moves $-5.495 points up on the chart to make a 52-week high. But, if it declines $+14.603%, then the shares price can hit a new 52-week low.

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