Discovery Communications, Inc. (DISCA) Price Target Cut to $20.00

Discovery Communications, Inc. (NASDAQ:DISCA) had its target price dropped by equities research analysts at Jefferies Group LLC from $27.00 to $20.00 in a report issued on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s target price points to a potential upside of 21.07% from the stock’s current price. Jefferies Group also issued estimates for Discovery Communications’ Q2 2018 earnings at $0.72 EPS and Q3 2018 earnings at $0.53 EPS.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $29.00 target price on shares of Discovery Communications in a report on Friday, October 20th. Barclays PLC reduced their price target on shares of Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of Discovery Communications in a research note on Thursday, October 12th. Finally, ValuEngine upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.93.

Shares of Discovery Communications (DISCA) traded down $0.79 during trading on Friday, reaching $16.52. 10,257,595 shares of the company’s stock traded hands, compared to its average volume of 5,424,316. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 1.89. The stock has a market capitalization of $6,260.52, a PE ratio of 7.94, a PEG ratio of 0.68 and a beta of 1.55. Discovery Communications has a twelve month low of $16.20 and a twelve month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. research analysts forecast that Discovery Communications will post 2.24 earnings per share for the current fiscal year.

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In other news, CFO Gunnar Wiedenfels purchased 15,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $325,500.00. Following the completion of the transaction, the chief financial officer now directly owns 35,000 shares in the company, valued at approximately $759,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul J. Guagliardo purchased 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. Insiders own 6.81% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its holdings in shares of Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after buying an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Discovery Communications by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock worth $295,000 after buying an additional 102 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Discovery Communications by 1.1% in the second quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after buying an additional 123 shares in the last quarter. Malaga Cove Capital LLC lifted its holdings in shares of Discovery Communications by 1.0% in the second quarter. Malaga Cove Capital LLC now owns 19,536 shares of the company’s stock worth $505,000 after buying an additional 192 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Discovery Communications by 0.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock worth $616,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 45.80% of the company’s stock.

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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