Discovery Communications (DISCK) Shares Gap Up to $21.12

Discovery Communications Inc. (NASDAQ:DISCK) gapped up before the market opened on Thursday . The stock had previously closed at $20.43, but opened at $21.12. Discovery Communications shares last traded at $22.16, with a volume of 8651354 shares.

DISCK has been the topic of a number of recent research reports. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Monday, October 30th. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley decreased their price objective on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.50.

The company has a market cap of $8,399.84, a price-to-earnings ratio of 10.65 and a beta of 1.42. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.

Hedge funds have recently bought and sold shares of the stock. BB&T Investment Services Inc. acquired a new position in shares of Discovery Communications during the 2nd quarter worth about $102,000. Fiduciary Trust Co. acquired a new position in shares of Discovery Communications during the 2nd quarter worth about $160,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Discovery Communications during the 2nd quarter worth about $196,000. Cadence Capital Management LLC boosted its stake in shares of Discovery Communications by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after buying an additional 55 shares during the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new position in shares of Discovery Communications during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 48.23% of the company’s stock.

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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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