Discovery Communications (DISCK) Downgraded to “Hold” at ValuEngine

Discovery Communications (NASDAQ:DISCK) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

DISCK has been the subject of several other research reports. Morgan Stanley cut their price target on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Zacks Investment Research lowered Discovery Communications from a “hold” rating to a “sell” rating in a report on Monday, September 25th. Finally, BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.50.

Shares of Discovery Communications (NASDAQ DISCK) opened at $21.17 on Friday. Discovery Communications has a fifty-two week low of $14.99 and a fifty-two week high of $29.18. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $8,024.57, a PE ratio of 11.08 and a beta of 1.42.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DISCK. BB&T Investment Services Inc. bought a new position in shares of Discovery Communications in the second quarter worth about $102,000. Fiduciary Trust Co. bought a new position in shares of Discovery Communications in the second quarter worth about $160,000. Ontario Teachers Pension Plan Board bought a new position in shares of Discovery Communications in the second quarter worth about $196,000. Mint Tower Capital Management B.V. bought a new position in shares of Discovery Communications in the third quarter worth about $215,000. Finally, Gyroscope Capital Management Group LLC bought a new position in shares of Discovery Communications in the third quarter worth about $248,000. 48.23% of the stock is owned by hedge funds and other institutional investors.

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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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