Discovery Communications (DISCA) Cut to Hold at Pivotal Research

Pivotal Research lowered shares of Discovery Communications (NASDAQ:DISCA) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat Ratings reports. Pivotal Research currently has $25.00 price target on the stock, down from their previous price target of $26.00.

A number of other research analysts have also weighed in on the company. BidaskClub lowered Discovery Communications from a buy rating to a hold rating in a report on Saturday, January 6th. Wells Fargo & Co reaffirmed a market perform rating and set a $25.00 target price (up previously from $18.00) on shares of Discovery Communications in a report on Thursday, January 4th. Barrington Research raised Discovery Communications from a market perform rating to an outperform rating and set a $30.00 target price for the company in a report on Tuesday, January 2nd. Macquarie raised Discovery Communications from a neutral rating to an outperform rating and set a $26.00 target price for the company in a report on Tuesday, January 2nd. Finally, ValuEngine lowered Discovery Communications from a buy rating to a hold rating in a report on Sunday, December 31st. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $24.17.

Discovery Communications (NASDAQ:DISCA) traded up $0.32 during mid-day trading on Tuesday, reaching $24.33. The company’s stock had a trading volume of 4,081,800 shares, compared to its average volume of 6,453,078. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The stock has a market cap of $8,800.00, a price-to-earnings ratio of 19.16, a PEG ratio of 1.10 and a beta of 1.56. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. sell-side analysts expect that Discovery Communications will post 1.94 EPS for the current fiscal year.

In related news, insider Bruce Campbell sold 3,047 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $18.17, for a total value of $55,363.99. Following the completion of the sale, the insider now owns 43,173 shares in the company, valued at approximately $784,453.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone bought 332,523 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the transaction, the director now directly owns 671,095 shares in the company, valued at $13,233,993.40. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 527,523 shares of company stock valued at $9,629,104. Corporate insiders own 6.81% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in Discovery Communications by 437.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after buying an additional 3,230 shares during the last quarter. Advisor Group Inc. lifted its position in Discovery Communications by 27.7% in the 2nd quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock worth $235,000 after buying an additional 1,975 shares during the last quarter. Flossbach Von Storch AG bought a new stake in Discovery Communications in the 3rd quarter worth approximately $208,000. Beach Investment Management LLC. bought a new stake in Discovery Communications in the 2nd quarter worth approximately $254,000. Finally, QCM Cayman Ltd. lifted its position in Discovery Communications by 38.6% in the 2nd quarter. QCM Cayman Ltd. now owns 10,350 shares of the company’s stock worth $267,000 after buying an additional 2,885 shares during the last quarter. Institutional investors own 48.12% of the company’s stock.

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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.

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

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