Barclays PLC Cuts Discovery Communications, Inc. (DISCA) Price Target to $18.00

Discovery Communications, Inc. (NASDAQ:DISCA) had its price objective decreased by Barclays PLC from $25.00 to $18.00 in a research report sent to investors on Friday morning. Barclays PLC currently has an underweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Citigroup Inc. raised Discovery Communications from a neutral rating to a buy rating and cut their price objective for the stock from $30.00 to $29.00 in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a buy rating and set a $32.00 price objective on shares of Discovery Communications in a research report on Friday, July 14th. Pivotal Research raised Discovery Communications from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Tuesday, August 8th. ValuEngine raised Discovery Communications from a hold rating to a buy rating in a research report on Wednesday, October 11th. Finally, Deutsche Bank AG reissued a hold rating and set a $30.00 price objective (down previously from $32.00) on shares of Discovery Communications in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $26.57.

Shares of Discovery Communications (DISCA) opened at 19.06 on Friday. Discovery Communications has a one year low of $18.98 and a one year high of $30.25. The company’s 50 day moving average price is $21.33 and its 200 day moving average price is $25.03. The stock has a market capitalization of $10.86 billion, a P/E ratio of 10.11 and a beta of 1.56.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts expect that Discovery Communications will post $2.22 earnings per share for the current year.

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In other Discovery Communications news, CFO Gunnar Wiedenfels purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $21.70 per share, for a total transaction of $325,500.00. Following the transaction, the chief financial officer now directly owns 35,000 shares in the company, valued at $759,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Decker Anstrom purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $23.05 per share, for a total transaction of $230,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its position in Discovery Communications by 0.3% during the 1st quarter. American International Group Inc. now owns 73,984 shares of the company’s stock worth $2,152,000 after acquiring an additional 192 shares during the last quarter. Arizona State Retirement System grew its position in Discovery Communications by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 38,100 shares of the company’s stock worth $984,000 after acquiring an additional 300 shares during the last quarter. Jennison Associates LLC grew its position in Discovery Communications by 7.6% during the 2nd quarter. Jennison Associates LLC now owns 25,051 shares of the company’s stock worth $647,000 after acquiring an additional 1,775 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Discovery Communications by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,304 shares of the company’s stock worth $12,045,000 after acquiring an additional 11,792 shares during the last quarter. Finally, Swiss National Bank grew its position in Discovery Communications by 3.3% during the 2nd quarter. Swiss National Bank now owns 556,088 shares of the company’s stock worth $14,364,000 after acquiring an additional 17,700 shares during the last quarter. Institutional investors and hedge funds own 45.83% of the company’s stock.

About Discovery Communications

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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