Discovery Communications Inc. (NASDAQ:DISCA) has received an average rating of “Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $33.03.

A number of research firms have commented on DISCA. Barclays set a $27.00 target price on Discovery Communications and gave the stock an “equal weight” rating in a research report on Friday, October 26th. MKM Partners boosted their target price on Discovery Communications from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Wolfe Research started coverage on Discovery Communications in a research report on Friday, December 7th. They issued an “outperform” rating on the stock. Finally, Citigroup upped their price objective on Discovery Communications from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, November 20th.

DISCA traded down $0.55 during trading on Wednesday, reaching $28.64. 208,615 shares of the stock were exchanged, compared to its average volume of 3,515,730. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.31 and a beta of 1.38. Discovery Communications has a 1 year low of $20.59 and a 1 year high of $34.89.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Discovery Communications had a positive return on equity of 17.05% and a negative net margin of 8.52%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, analysts predict that Discovery Communications will post 2.71 EPS for the current fiscal year.

In related news, Director Kenneth W. Lowe sold 58,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $28.88, for a total value of $1,675,040.00. Following the completion of the transaction, the director now directly owns 1,236,060 shares in the company, valued at $35,697,412.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.73% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC increased its stake in Discovery Communications by 26.3% in the fourth quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after purchasing an additional 420 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in Discovery Communications by 4.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 15,623 shares of the company’s stock worth $387,000 after acquiring an additional 681 shares during the last quarter. Institute for Wealth Management LLC. increased its stake in Discovery Communications by 6.9% during the fourth quarter. Institute for Wealth Management LLC. now owns 11,440 shares of the company’s stock worth $283,000 after acquiring an additional 740 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Discovery Communications by 4.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,622 shares of the company’s stock worth $560,000 after acquiring an additional 996 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Discovery Communications by 11.7% during the fourth quarter. Private Advisor Group LLC now owns 9,574 shares of the company’s stock worth $237,000 after acquiring an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 35.71% of the company’s stock.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, 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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