Zacks Investment Research lowered shares of Discovery Communications, Inc. (NASDAQ:DISCK) from a hold rating to a sell rating in a research note published on Monday, October 30th.
According to Zacks, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. “
Several other research firms also recently commented on DISCK. BidaskClub downgraded Discovery Communications from a hold rating to a sell rating in a research report on Thursday, July 27th. Barrington Research reissued a market perform rating on shares of Discovery Communications in a research report on Tuesday, August 1st. ValuEngine downgraded Discovery Communications from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Morgan Stanley reduced their price target on Discovery Communications from $31.00 to $22.00 and set an equal weight rating on the stock in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $25.50.
Discovery Communications (DISCK) opened at $16.46 on Monday. Discovery Communications has a 12-month low of $14.99 and a 12-month high of $29.18. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The company has a market capitalization of $6,239.23, a P/E ratio of 7.91 and a beta of 1.42.
Several hedge funds have recently modified their holdings of DISCK. BlackRock Inc. lifted its stake in shares of Discovery Communications by 2.2% in the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock valued at $346,312,000 after acquiring an additional 289,985 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Discovery Communications by 25.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,362,821 shares of the company’s stock valued at $149,171,000 after acquiring an additional 1,484,500 shares during the last quarter. State of Wisconsin Investment Board bought a new position in shares of Discovery Communications in the 3rd quarter valued at $136,312,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Discovery Communications by 38.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 4,733,199 shares of the company’s stock valued at $95,894,000 after acquiring an additional 1,310,637 shares during the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in shares of Discovery Communications by 15.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 3,750,499 shares of the company’s stock valued at $75,985,000 after acquiring an additional 513,183 shares during the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
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.
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