Finance

Discovery Communications, Inc. (NASDAQ:DISCA)

Discovery Communications, Inc. (NASDAQ:DISCA)

(NASDAQ:DISCA) during the second quarter, according to its most recent 13F filing with the SEC. Daiwa Securities Group Inc. now owns 6,370 shares of the company's stock worth $180,000 after buying an additional 950 shares during the last quarter. The legal version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/12/ardevora-asset-management-llp-acquires-332700-shares-of-discovery-communications-inc-nasdaqdisca-updated-updated-updated.html.

Several institutional investors have recently added to or reduced their stakes in DISCA. Martingale Asset Management L P raised its position in shares of Discovery Communications by 0.3% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company's stock valued at $37,152,000 after buying an additional 1,275,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Discovery Communications by 20.3% in the first quarter. Pivotal Research reaffirmed a hold rating and issued a $28.00 price objective (up from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. The value of the investment in (DISCK) decreased from $91,207,000 to $64,110,000 a change of 29.7% for the reporting period. Candriam Luxembourg S.C.A. now owns 13,745 shares of the company's stock valued at $355,000 after buying an additional 6,066 shares during the period. Quantbot Technologies LP raised its position in shares of Discovery Communications by 1,035.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company's stock valued at $106,000 after buying an additional 215 shares in the last quarter. (NASDAQ:DISCA) traded down 0.39% during trading on Friday, reaching $22.91. The company was downgraded on Tuesday, June 7 by Bernstein. Institutional Capital Llc who had been investing in Discovery Communication Inc for a number of months, seems to be less bullish one the $8.55 billion market cap company. The stock has a 50 day moving average price of $25.61 and a 200 day moving average price of $27.14. (NASDAQ:DISCA) has "Hold" rating given on Friday, November 11 by Argus Research. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by $0.04.

Boasting a price of $22.99, Discovery Communications (NDAQ:DISCA) traded 0.00% even on the day. The business's revenue for the quarter was up 2.2% compared to the same quarter a year ago. On average, equities analysts forecast that Discovery Communications, Inc. will post $2.24 EPS for the current year.

Royal Bank Of Canada reissued their buy rating on shares of Discovery Communications, Inc. "(NASDAQ:DISCA)" was published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this story on another site, it was copied illegally and reposted in violation of US & worldwide trademark & copyright law. (NASDAQ:DISCA). Maryland-based Sandy Spring Bank & Trust has invested 0.01% in Discovery Communications Inc.

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DISCA has been the subject of several other reports. MKM Partners reaffirmed a "neutral" rating and issued a $26.00 target price (down previously from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Discovery Communications from a "hold" rating to a "sell" rating in a research note on Thursday, May 4th. Barrington Research reiterated a "market perform" rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Finally, ValuEngine downgraded Discovery Communications from a buy rating to a hold rating in a research note on Friday, June 2nd.

Shares are trading at $21.93 impressively lower than $24.76, the stock's 50 day moving average and well below the 200 day moving average of $26.44. The stock now has a consensus rating of "Hold" and a consensus target price of $28.33. This price movement gives investors an idea of how much the stock price has moved in the previous year and whether it is trading near the top, middle or bottom of the range. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels bought 20,000 shares of Discovery Communications stock in a transaction on Tuesday, August 1st. Its Price to Cash Flow ratio shows the value of 3.11, whereas, the industry and sector ratio of Price to Cash Flow ticked at 15.58 and 477022.34 respectively. The disclosure for this purchase can be found here.

In terms of a technical look around Discovery Communications, Inc. 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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