Discovery Communications (DISCA) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Discovery Communications (NASDAQ:DISCA) from a strong sell rating to a sell rating in a report published on Wednesday.

DISCA has been the subject of a number of other research reports. Royal Bank Of Canada restated an outperform rating and set a $24.00 price target (down from $29.00) on shares of Discovery Communications in a report on Friday, November 3rd. Pivotal Research upgraded Discovery Communications from a hold rating to a buy rating and set a $28.00 price target for the company in a report on Tuesday, August 8th. UBS upgraded Discovery Communications from a sell rating to a neutral rating and reduced their price target for the company from $25.00 to $23.00 in a report on Tuesday, September 26th. Jefferies Group reduced their price target on Discovery Communications from $27.00 to $20.00 and set a hold rating for the company in a report on Friday, November 3rd. Finally, Needham & Company LLC restated a hold rating on shares of Discovery Communications in a report on Thursday, October 12th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Discovery Communications presently has an average rating of Hold and a consensus price target of $23.67.

Shares of Discovery Communications (NASDAQ DISCA) traded down $0.42 during mid-day trading on Wednesday, reaching $19.44. The company had a trading volume of 6,044,600 shares, compared to its average volume of 3,888,248. Discovery Communications has a 12 month low of $15.99 and a 12 month high of $30.25. The stock has a market capitalization of $7,528.01, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 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 business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business earned $0.47 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. research analysts predict that Discovery Communications will post 1.97 EPS for the current year.

In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $15.45 per share, with a total value of $231,750.00. Following the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J David Wargo acquired 80,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of $15.80 per share, for a total transaction of $1,264,000.00. Following the completion of the transaction, the director now owns 147,591 shares in the company, valued at $2,331,937.80. The disclosure for this purchase can be found here. Insiders acquired 195,000 shares of company stock worth $3,071,750 over the last three months. Insiders own 6.81% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Discovery Communications by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after acquiring an additional 100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Discovery Communications by 0.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock worth $295,000 after acquiring an additional 102 shares during the last quarter. Sentry Investment Management LLC increased its stake in Discovery Communications by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after acquiring an additional 123 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Discovery Communications by 0.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock worth $616,000 after acquiring an additional 206 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Discovery Communications by 0.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 49,629 shares of the company’s stock worth $1,282,000 after acquiring an additional 220 shares during the last quarter. 48.25% of the stock is currently owned by hedge funds and other institutional investors.

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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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