Discovery Communications (DISCA) Cut to “Hold” at BidaskClub

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

DISCA has been the subject of several other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 price objective (down previously from $29.00) on shares of Discovery Communications in a report on Friday, November 3rd. Barrington Research raised shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Tuesday, January 2nd. UBS Group raised shares of Discovery Communications from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $23.00 in a report on Tuesday, September 26th. Jefferies Group reduced their price objective on shares of Discovery Communications from $27.00 to $20.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, Bank of America raised shares of Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, December 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.33.

Discovery Communications (NASDAQ DISCA) opened at $22.00 on Friday. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25. The stock has a market cap of $8,100.00, a price-to-earnings ratio of 17.32, a PEG ratio of 1.10 and a beta of 1.56. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly 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). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $0.47 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. sell-side analysts expect that Discovery Communications will post 1.94 EPS for the current year.

In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were purchased at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the acquisition, the chief financial officer now owns 50,000 shares in the company, valued at $772,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 3,047 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total value of $55,363.99. Following the sale, the insider now owns 43,173 shares in the company, valued at approximately $784,453.41. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 527,523 shares of company stock worth $9,629,104. 6.81% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cowen Inc. acquired a new position in shares of Discovery Communications in the 3rd quarter valued at about $5,880,000. USA Financial Portformulas Corp acquired a new position in shares of Discovery Communications in the 3rd quarter valued at about $335,000. Swiss National Bank increased its holdings in shares of Discovery Communications by 3.3% in the 2nd quarter. Swiss National Bank now owns 556,088 shares of the company’s stock valued at $14,364,000 after purchasing an additional 17,700 shares during the period. Princeton Portfolio Strategies Group LLC increased its holdings in shares of Discovery Communications by 2,242.1% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 180,340 shares of the company’s stock valued at $4,658,000 after purchasing an additional 172,640 shares during the period. Finally, FDx Advisors Inc. increased its holdings in shares of Discovery Communications by 169.5% in the 3rd quarter. FDx Advisors Inc. now owns 25,243 shares of the company’s stock valued at $537,000 after purchasing an additional 15,875 shares during the period. Hedge funds and other institutional investors own 48.12% 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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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