Discovery Inc Series C (NASDAQ:DISCK) Given New $30.00 Price Target at Morgan Stanley

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Discovery Inc Series C (NASDAQ:DISCK) had its price target cut by Morgan Stanley from $32.00 to $30.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have an equal weight rating on the stock.

A number of other research firms have also recently issued reports on DISCK. ValuEngine upgraded Discovery Inc Series C from a strong sell rating to a sell rating in a report on Thursday, August 8th. Zacks Investment Research cut Discovery Inc Series C from a hold rating to a sell rating in a report on Tuesday, July 16th. Finally, BidaskClub cut Discovery Inc Series C from a hold rating to a sell rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $30.00.

Discovery Inc Series C stock opened at $28.61 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Inc Series C has a 1 year low of $21.99 and a 1 year high of $31.03. The business has a 50-day moving average of $25.49 and a 200-day moving average of $26.78. The firm has a market capitalization of $14.05 billion, a P/E ratio of 8.40 and a beta of 1.43.

Discovery Inc Series C (NASDAQ:DISCK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. Discovery Inc Series C had a return on equity of 21.53% and a net margin of 15.62%. The firm had revenue of $2.68 billion during the quarter.

Hedge funds have recently modified their holdings of the stock. Cornerstone Advisors Inc. lifted its stake in shares of Discovery Inc Series C by 105.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 895 shares of the company’s stock valued at $25,000 after buying an additional 459 shares in the last quarter. Resources Investment Advisors LLC. boosted its position in Discovery Inc Series C by 55.0% in the 2nd quarter. Resources Investment Advisors LLC. now owns 1,972 shares of the company’s stock valued at $56,000 after buying an additional 700 shares during the period. Financial Gravity Wealth Inc. boosted its position in Discovery Inc Series C by 303.2% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,157 shares of the company’s stock valued at $61,000 after buying an additional 1,622 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Discovery Inc Series C in the 2nd quarter valued at about $90,000. Finally, Whittier Trust Co. boosted its position in Discovery Inc Series C by 742.1% in the 3rd quarter. Whittier Trust Co. now owns 4,059 shares of the company’s stock valued at $100,000 after buying an additional 3,577 shares during the period. Institutional investors own 56.76% of the company’s stock.

About Discovery Inc Series C

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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