Discovery Communications (DISCA) Trading 10% Higher

Discovery Communications Inc. (NASDAQ:DISCA) traded up 10% during trading on Thursday . The company traded as high as $23.12 and last traded at $23.82. 5,040,000 shares traded hands during trading, a decline of 29% from the average session volume of 7,100,000 shares. The stock had previously closed at $21.65.

A number of equities research analysts recently commented on the stock. Pivotal Research cut shares of Discovery Communications from a “buy” rating to a “hold” rating and decreased their target price for the company from $26.00 to $25.00 in a research report on Tuesday. BidaskClub cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Wells Fargo & Co reissued a “market perform” rating and set a $25.00 target price (up previously from $18.00) on shares of Discovery Communications in a research report on Thursday, January 4th. Barrington Research raised shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Tuesday, January 2nd. Finally, Macquarie raised shares of Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.17.

The stock has a market capitalization of $8,870.00, a price-to-earnings ratio of 18.91, a PEG ratio of 1.10 and a beta of 1.56. 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 posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The company 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 company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. research analysts anticipate that Discovery Communications Inc. will post 1.94 EPS for the current year.

In other Discovery Communications news, Director John C. Malone acquired 332,523 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the purchase, the director now directly owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bruce Campbell sold 15,976 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total transaction of $343,484.00. Following the completion of the sale, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 527,523 shares of company stock valued at $9,629,104. Corporate insiders own 6.81% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DISCA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Discovery Communications by 0.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock valued at $295,000 after buying an additional 102 shares during the period. Sentry Investment Management LLC grew its position in Discovery Communications by 1.1% during the second quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after buying an additional 123 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Discovery Communications by 0.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock valued at $616,000 after buying an additional 206 shares during the period. Thrivent Financial For Lutherans grew its position in Discovery Communications by 0.4% during the second quarter. Thrivent Financial For Lutherans now owns 49,629 shares of the company’s stock valued at $1,282,000 after buying an additional 220 shares during the period. Finally, Norinchukin Bank The grew its position in Discovery Communications by 0.7% during the second quarter. Norinchukin Bank The now owns 35,228 shares of the company’s stock valued at $910,000 after buying an additional 245 shares during the period. Hedge funds and other institutional investors own 48.12% of the company’s stock.

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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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