Discovery Communications (DISCA) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of Discovery Communications (NASDAQ:DISCA) from a buy rating to a hold rating in a research note released on Friday morning.

Other research analysts have also recently issued research reports about the company. B. Riley reissued a neutral rating and issued a $19.00 price target (down previously from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. Royal Bank of Canada increased their price target on Discovery Communications to $29.00 and gave the stock an outperform rating in a research note on Thursday, January 18th. BidaskClub raised Discovery Communications from a strong sell rating to a sell rating in a research note on Wednesday, December 6th. Macquarie raised Discovery Communications from a neutral rating to an outperform rating and set a $26.00 price target for the company in a research note on Tuesday, January 2nd. Finally, Barrington Research raised Discovery Communications from a market perform rating to an outperform rating and set a $30.00 price target for the company in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $24.44.

Discovery Communications (DISCA) opened at $22.78 on Friday. Discovery Communications has a 52 week low of $15.99 and a 52 week high of $30.25. The stock has a market capitalization of $8,480.00, a price-to-earnings ratio of 17.94, a PEG ratio of 1.21 and a beta of 1.59. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.

In other news, insider Bruce Campbell sold 3,047 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total transaction of $55,363.99. Following the completion of the sale, the insider now directly owns 43,173 shares of the company’s stock, valued at $784,453.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Malone bought 332,523 shares of Discovery Communications stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the acquisition, the director now owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The disclosure for this purchase can be found here. Corporate insiders own 6.81% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sentry Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 123 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Discovery Communications by 4.0% during the second quarter. Mutual of America Capital Management LLC now owns 18,319 shares of the company’s stock valued at $473,000 after purchasing an additional 704 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Discovery Communications by 1.2% during the second quarter. Nationwide Fund Advisors now owns 100,173 shares of the company’s stock valued at $2,587,000 after purchasing an additional 1,220 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Discovery Communications by 10.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,983 shares of the company’s stock valued at $361,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of Discovery Communications by 12.6% during the second quarter. Profund Advisors LLC now owns 13,839 shares of the company’s stock valued at $357,000 after purchasing an additional 1,547 shares during the last quarter. 48.00% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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