Discovery Communications Inc. (DISCA) Given Average Recommendation of “Buy” by Analysts

Shares of Discovery Communications Inc. (NASDAQ:DISCA) have received a consensus recommendation of “Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.18.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Credit Suisse Group increased their price target on Discovery Communications from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. BidaskClub raised Discovery Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. TheStreet raised Discovery Communications from a “c” rating to a “b” rating in a research report on Tuesday, February 26th. Finally, Barrington Research reissued a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a research report on Tuesday, February 26th.

In other news, General Counsel Savalle Sims sold 16,623 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the completion of the sale, the general counsel now directly owns 48,684 shares of the company’s stock, valued at approximately $1,390,901.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.43% of the company’s stock.

Several hedge funds have recently bought and sold shares of DISCA. Pacer Advisors Inc. grew its stake in shares of Discovery Communications by 32.8% during the 3rd quarter. Pacer Advisors Inc. now owns 8,579 shares of the company’s stock worth $275,000 after acquiring an additional 2,118 shares during the period. Thrivent Financial for Lutherans bought a new position in Discovery Communications in the 3rd quarter worth about $214,000. Kentucky Retirement Systems bought a new position in Discovery Communications in the 3rd quarter worth about $1,685,000. Neuberger Berman Group LLC boosted its stake in Discovery Communications by 19.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 43,489 shares of the company’s stock worth $1,392,000 after purchasing an additional 7,033 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Discovery Communications by 144.3% in the 3rd quarter. Nordea Investment Management AB now owns 10,101 shares of the company’s stock worth $323,000 after purchasing an additional 5,966 shares during the period. Institutional investors own 34.18% of the company’s stock.

Shares of DISCA traded down $0.37 during trading hours on Monday, reaching $29.76. The stock had a trading volume of 30,609 shares, compared to its average volume of 3,964,743. Discovery Communications has a 12 month low of $20.59 and a 12 month high of $34.89. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.50. The stock has a market cap of $15.79 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.41 and a beta of 1.36.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.07). The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion. Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. Discovery Communications’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, analysts expect that Discovery Communications will post 3.48 EPS for the current year.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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