Discovery Communications Inc. (NASDAQ:DISCA) Receives Average Recommendation of “Buy” from Analysts

Discovery Communications Inc. (NASDAQ:DISCA) has earned an average rating of “Buy” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $34.96.

A number of brokerages have recently weighed in on DISCA. BidaskClub downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Credit Suisse Group upped their price target on shares of Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. TheStreet raised shares of Discovery Communications from a “c” rating to a “b” rating in a report on Tuesday, February 26th. Barrington Research reaffirmed a “buy” rating and set a $40.00 price target on shares of Discovery Communications in a report on Tuesday, February 26th. Finally, Wolfe Research downgraded shares of Discovery Communications from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 30th.

In related news, insider Bruce Campbell sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $28.89, for a total transaction of $288,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Faricy acquired 35,900 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the completion of the transaction, the chief executive officer now owns 182,367 shares in the company, valued at $5,089,862.97. The disclosure for this purchase can be found here. 4.43% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Thor Advisors LLC bought a new stake in shares of Discovery Communications in the 1st quarter valued at $29,000. Karp Capital Management Corp bought a new stake in shares of Discovery Communications in the 4th quarter valued at $30,000. Pinebridge Investments L.P. bought a new stake in shares of Discovery Communications in the 1st quarter valued at $42,000. Pennsylvania Trust Co bought a new stake in shares of Discovery Communications in the 1st quarter valued at $1,085,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Discovery Communications in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 34.49% of the company’s stock.

Shares of Discovery Communications stock traded down $0.87 on Tuesday, reaching $29.02. 5,004,691 shares of the stock were exchanged, compared to its average volume of 3,369,803. Discovery Communications has a one year low of $23.79 and a one year high of $34.89. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.45. The company has a market cap of $15.23 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.40 and a beta of 1.43.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. Discovery Communications had a net margin of 9.00% and a return on equity of 20.10%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. Research analysts forecast that Discovery Communications will post 3.81 earnings per share 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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