Discovery Communications, Inc. (NASDAQ:DISCK) has earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.00.

A number of analysts recently issued reports on the stock. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. BidaskClub downgraded shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Morgan Stanley dropped their target price on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Finally, ValuEngine raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th.

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Shares of Discovery Communications (DISCK) traded down 0.67% during midday trading on Thursday, hitting $17.81. 3,509,832 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $19.44 and its 200 day moving average price is $23.29. The firm has a market cap of $10.15 billion, a PE ratio of 9.45 and a beta of 1.44. Discovery Communications has a one year low of $17.56 and a one year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company had revenue of $1.75 billion for the quarter. Equities research analysts forecast that Discovery Communications will post $2.23 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DISCK. OppenheimerFunds Inc. boosted its holdings in Discovery Communications by 11.4% in the 1st quarter. OppenheimerFunds Inc. now owns 14,592 shares of the company’s stock worth $413,000 after acquiring an additional 1,491 shares during the period. Principal Financial Group Inc. boosted its holdings in Discovery Communications by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 348,384 shares of the company’s stock worth $9,863,000 after acquiring an additional 6,925 shares during the period. FMR LLC boosted its holdings in Discovery Communications by 55.4% in the 1st quarter. FMR LLC now owns 662,747 shares of the company’s stock worth $18,763,000 after acquiring an additional 236,392 shares during the period. Teachers Advisors LLC boosted its holdings in Discovery Communications by 1.1% in the 1st quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock worth $13,380,000 after acquiring an additional 5,324 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Discovery Communications by 12.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 41,041 shares of the company’s stock worth $1,162,000 after acquiring an additional 4,420 shares during the period. Hedge funds and other institutional investors own 45.66% of the company’s stock.

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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