Discovery Communications, Inc. (DISCA) Rating Reiterated by Jefferies Group LLC

Discovery Communications, Inc. (NASDAQ:DISCA)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group LLC in a report released on Friday, May 12th.

DISCA has been the subject of several other research reports. Credit Suisse Group restated an “underperform” rating and issued a $23.00 price target on shares of Discovery Communications in a research note on Saturday, January 28th. Pivotal Research restated a “hold” rating and issued a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a research note on Sunday, April 23rd. Citigroup Inc. upgraded Discovery Communications from a “sell” rating to a “neutral” rating in a research note on Thursday, April 20th. MKM Partners reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Discovery Communications in a report on Tuesday, May 2nd. Finally, Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 25th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.07.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Shares of Discovery Communications (NASDAQ:DISCA) traded up 0.42% during mid-day trading on Friday, hitting $26.52. 2,257,525 shares of the company were exchanged. The firm has a 50 day moving average of $26.38 and a 200 day moving average of $27.77. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 13.87 and a beta of 1.61. Discovery Communications has a 12-month low of $23.66 and a 12-month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. Discovery Communications’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Discovery Communications will post $2.27 earnings per share for the current year.

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In other Discovery Communications news, Director Paul A. Gould sold 8,832 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total transaction of $229,455.36. Following the sale, the director now owns 188,676 shares of the company’s stock, valued at approximately $4,901,802.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.78% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Discovery Communications by 0.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,800 shares of the company’s stock worth $893,000 after buying an additional 42 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Discovery Communications by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,700 shares of the company’s stock worth $369,000 after buying an additional 50 shares during the period. TCW Group Inc. raised its position in shares of Discovery Communications by 0.4% in the fourth quarter. TCW Group Inc. now owns 11,200 shares of the company’s stock worth $307,000 after buying an additional 50 shares during the period. Martingale Asset Management L P raised its position in shares of Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock worth $598,000 after buying an additional 52 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Discovery Communications by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,710 shares of the company’s stock worth $239,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

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