Positive News Coverage Somewhat Unlikely to Affect Discovery Communications (DISCK) Share Price
News headlines about Discovery Communications (NASDAQ:DISCK) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Discovery Communications earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.4448093478802 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Morgan Stanley increased their target price on shares of Discovery Communications from $22.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Hold” and a consensus price target of $29.00.
Discovery Communications (NASDAQ DISCK) traded down $0.29 during trading hours on Thursday, hitting $22.60. 2,640,000 shares of the stock traded hands, compared to its average volume of 3,130,000. Discovery Communications has a one year low of $14.99 and a one 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 $8,800.00, a price-to-earnings ratio of 17.80 and a beta of 1.45.
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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