Burning Stock on the move: Discovery Communications, Inc. (DISCA)

Marco Green
October 13, 2017

ValuEngine upgraded shares of Discovery Communications, Inc. (NASDAQ:DISCA) rating on Friday, July 7. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Days to cover decreased 0.0 to 4.0 and the percentage of shorted shares is 0.04% as of September 15. (NASDAQ:DISCK). At the time of writing, the First Call consensus price target for the company is $31.00. The Cullen Frost Bankers Inc holds 354,806 shares with $8.27M value, up from 12,596 last quarter. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $27.07.

Discovery Communications, Inc. (NYSE:DISCA)posting a -2.58% after which it closed the day' session at $20.00 and sees an average of 4.23M shares trade hands in each session while it's while its relative trading volume is 0.94. When it comes to net revenue, the average estimate from a total of 11 analysts is 1.64 billion - compared to 1.56 billion posted in the year-ago period. The company has a 50-day moving average of $21.56 and a 200 day moving average of $25.18. Analysts reported that the Price Target for Discovery Communications, Inc. might touch $36 high while the Average Price Target and Low price Target is $26.43 and $19 respectively. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.04).

The High Revenue estimate is predicted as 1.67 Million, while the Low Revenue Estimate prediction stands at 1.62 Million. The business's quarterly revenue was up 2.2% compared to the same quarter past year.

Gareth Morgan Investments Limited Partnership decreased Discovery Communicatns New (DISCA) stake by 30.61% reported in 2017Q2 SEC filing.

Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Discovery Communications, Inc (Discovery) is a global media company. "(DISCA) Upgraded to Buy by ValuEngine" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of USA and worldwide copyright and trademark law. It turned negative, as 52 investors sold DISCA shares while 186 reduced holdings. It last reported revenues of $6.75 billion and EPS of $0.36 for the June 2017, representing 2% top-line growth and 0.38 EPS growth. The company has Beta Value of 1.6 and ATR value of 0.5. Following the completion of the acquisition, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $227,100. The disclosure for this purchase can be found here. Insiders acquired 55,000 shares of company stock valued at $1,243,300 in the last 90 days.

A number of institutional investors have recently modified their holdings of the business.

As of the end of the quarter Squarepoint Ops LLC had acquired a total of 69,550 shares growing its holdings by 83.4%. Clearbridge Investments LLC boosted its position in shares of Discovery Communications by 2.3% during the 1st quarter. Cornercap Investment Counsel Inc bought 13,343 shares as the company's stock declined 9.80% while stock markets rallied.

Discovery Communications, Inc. 's P/E ratio is 10.04 and market cap is 10.79B. Narrowing in, the stock is at a distance of -22.84% from the 50 day high and -2.52% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Discovery Communications, Inc. The value of the position overall is up by 5.9%. State Street Corp now owns 7,346,135 shares of the company's stock valued at $189,736,000 after purchasing an additional 376,975 shares during the period. Following the completion of the acquisition, the chief financial officer now owns 20,000 shares of the company's stock, valued at $460,200. The Firm 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.

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