Moffett Nathanson upgraded shares of Discovery Communications (NASDAQ:DISCA) from a sell rating to a neutral rating in a report published on Tuesday morning, MarketBeat reports.
Other analysts have also issued reports about the stock. B. Riley reissued a neutral rating and set a $19.00 price target (down from $23.00) on shares of Discovery Communications in a research report on Wednesday, November 1st. ValuEngine lowered shares of Discovery Communications from a buy rating to a hold rating in a research report on Friday, February 2nd. Royal Bank of Canada increased their price target on shares of Discovery Communications to $29.00 and gave the company an outperform rating in a research report on Thursday, January 18th. BidaskClub raised shares of Discovery Communications from a strong sell rating to a sell rating in a research report on Wednesday, December 6th. Finally, Macquarie raised shares of Discovery Communications from a neutral rating to an outperform rating and set a $26.00 price target for the company in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $24.44.
Shares of Discovery Communications (NASDAQ DISCA) opened at $24.31 on Tuesday. The company has a market cap of $8,990.00, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. Discovery Communications has a 1 year low of $15.99 and a 1 year high of $30.25. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sentry Investment Management LLC raised its position in Discovery Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after buying an additional 123 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Discovery Communications by 10.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,983 shares of the company’s stock worth $361,000 after purchasing an additional 1,316 shares during the period. Douglas Lane & Associates LLC grew its stake in shares of Discovery Communications by 3.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 57,549 shares of the company’s stock worth $1,288,000 after purchasing an additional 2,140 shares during the period. Addenda Capital Inc. grew its stake in shares of Discovery Communications by 2.2% during the 4th quarter. Addenda Capital Inc. now owns 112,457 shares of the company’s stock worth $2,414,000 after purchasing an additional 2,439 shares during the period. Finally, Swiss National Bank grew its stake in shares of Discovery Communications by 0.5% during the 4th quarter. Swiss National Bank now owns 567,288 shares of the company’s stock worth $12,696,000 after purchasing an additional 2,900 shares during the period. 47.37% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Discovery Communications (DISCA) Upgraded to Neutral at Moffett Nathanson” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.com-unik.info/2018/02/21/discovery-communications-disca-upgraded-to-neutral-at-moffett-nathanson.html.
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.
Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.