Wells Fargo & Co reaffirmed their market perform rating on shares of Discovery Communications (NASDAQ:DISCA) in a research note released on Thursday morning, The Fly reports. Wells Fargo & Co currently has a $25.00 price objective on the stock, up from their previous price objective of $18.00.
Several other equities research analysts have also recently commented on DISCA. B. Riley reaffirmed a neutral rating and issued a $19.00 target price (down from $23.00) on shares of Discovery Communications in a research report on Wednesday, November 1st. ValuEngine cut shares of Discovery Communications from a buy rating to a hold rating in a research report on Sunday, December 31st. UBS Group raised shares of Discovery Communications from a sell rating to a neutral rating and dropped their target price for the stock from $25.00 to $23.00 in a research report on Tuesday, September 26th. BidaskClub raised shares of Discovery Communications from a hold rating to a buy rating in a research report on Wednesday, December 27th. Finally, Barrington Research raised shares of Discovery Communications from a market perform rating to an outperform rating and set a $30.00 target price for the company in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $24.33.
Shares of Discovery Communications (NASDAQ:DISCA) traded down $0.13 during trading on Thursday, reaching $22.00. 8,432,425 shares of the company’s stock were exchanged, compared to its average volume of 6,790,000. The company has a market cap of $8,100.00, a price-to-earnings ratio of 17.32, a PEG ratio of 1.10 and a beta of 1.56. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business earned $0.47 EPS. Discovery Communications’s revenue was up 6.1% on a year-over-year basis. sell-side analysts expect that Discovery Communications will post 1.94 earnings per share for the current year.
In other news, CFO Gunnar Wiedenfels bought 15,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average cost of $15.45 per share, with a total value of $231,750.00. Following the completion of the acquisition, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $772,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce Campbell sold 15,976 shares of Discovery Communications stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total transaction of $343,484.00. Following the completion of the transaction, the insider now directly owns 85,298 shares of the company’s stock, valued at $1,833,907. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 527,523 shares of company stock valued at $9,629,104. 6.81% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. AXA grew its stake in shares of Discovery Communications by 3.8% in the third quarter. AXA now owns 438,550 shares of the company’s stock worth $9,336,000 after acquiring an additional 16,000 shares during the period. California Public Employees Retirement System grew its stake in shares of Discovery Communications by 7.2% in the third quarter. California Public Employees Retirement System now owns 379,539 shares of the company’s stock worth $8,080,000 after acquiring an additional 25,439 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Discovery Communications in the third quarter worth approximately $345,000. Cubist Systematic Strategies LLC grew its stake in shares of Discovery Communications by 347.5% in the third quarter. Cubist Systematic Strategies LLC now owns 102,393 shares of the company’s stock worth $2,180,000 after acquiring an additional 79,513 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Discovery Communications in the third quarter worth approximately $4,296,000. 48.12% of the stock is owned by institutional investors and hedge funds.
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About Discovery Communications
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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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