Discovery Communications Inc. (NASDAQ:DISCK) was the target of a large drop in short interest in January. As of January 12th, there was short interest totalling 24,016,981 shares, a drop of 6.8% from the December 29th total of 25,760,668 shares. Based on an average trading volume of 3,587,812 shares, the days-to-cover ratio is presently 6.7 days. Currently, 11.9% of the company’s stock are short sold.

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Morgan Stanley dropped their price target on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.50.

Discovery Communications (DISCK) opened at $24.82 on Friday. Discovery Communications has a 1 year low of $14.99 and a 1 year high of $29.18. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The company has a market cap of $9,351.26, a P/E ratio of 12.99 and a beta of 1.42.

Discovery Communications (NASDAQ:DISCK) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.10). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. sell-side analysts forecast that Discovery Communications will post 2.17 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. BB&T Investment Services Inc. bought a new position in shares of Discovery Communications during the 2nd quarter worth approximately $102,000. Ontario Teachers Pension Plan Board bought a new position in shares of Discovery Communications during the 2nd quarter worth approximately $196,000. Cohen Klingenstein LLC bought a new position in shares of Discovery Communications during the 4th quarter worth approximately $204,000. Creative Planning bought a new position in shares of Discovery Communications during the 4th quarter worth approximately $207,000. Finally, Mint Tower Capital Management B.V. bought a new position in shares of Discovery Communications during the 3rd quarter worth approximately $215,000. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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