Discovery Communications, Inc. (DISCA) Stock Rating Upgraded by ValuEngine

Lloyd Doyle
October 13, 2017

Shares of Discovery Communications (DISCA) traded down 1.55% on Thursday, reaching $19.69. Barclays Capital downgraded the stock to "Underweight" rating in Thursday, January 5 report. (DISCA) is a number of factors, including perhaps, a steady increase of the profile of the company as insider activity takes center stage. (NASDAQ:DISCA) earned "Buy" rating by Citigroup on Tuesday, August 1. Discovery Communications, Inc. (NASDAQ:DISCA), at its latest closing price of $20.00, it has a price-to-book ratio of 0.00, compared to an industry average at 0.56. The consensus analyst target price is $25.55. Royal Bank Of Canada cut their target price on Discovery Communications from $32.00 to $29.00 and set an outperform rating for the company in a research note on Thursday, August 17th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Pivotal Research raised Discovery Communications from a "hold" rating to a "buy" rating and set a $28.00 price objective on the stock in a research report on Tuesday, August 8th. The company presently has an average rating of Hold and an average target price of $27.07.

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. About 2.56 million shares traded. The company had Year Ago Sales of 1.56 Billion. Current price places the company's stock -46.57% away from its 200-day simple moving average, -17.85%, away from the 50-day average and also -9.34% away from 20-day average.

Discovery Communications, Inc. has a beta of 0, offering the possibility of a lower rate of return, but also posing less risk. Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Monday, July 31st.

General Mills, Inc. (GIS) have shown a high EPS growth of 3.30% in the last 5 years and has earnings decline of -0.10% yoy. The company had revenue of $1.61 billion during the quarter. Discovery Communications's revenue was up 2.2% compared to the same quarter past year. The company's average Piotroski F-Score: 6 during the last 7 years.

TRADEMARK VIOLATION NOTICE: "Jefferies Group Equities Analysts Lift Earnings Estimates for Discovery Communications, Inc". Moreover, Millennium Management Ltd Liability Corp has 0.01% invested in Discovery Communications Inc. If you are accessing this report on another website, it was copied illegally and republished in violation of US and global copyright and trademark law. The legal version of this news story can be viewed at The shares were acquired at an average cost of $23.05 per share, for a total transaction of $230,500.00. The Cullen Frost Bankers Inc holds 354,806 shares with $8.27M value, up from 12,596 last quarter.

The company is so far trading unchanged from yesterday's close of 21.805. The stock was bought at an average price of $22.71 per share, with a total value of $227,100.00.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The disclosure for this purchase can be found here.

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

Gareth Morgan Investments Limited Partnership decreased Discovery Communicatns New (DISCA) stake by 30.61% reported in 2017Q2 SEC filing. Public Employees Retirement System of OH now owns 697,493 shares of the company's stock valued at $18,016,000 after purchasing an additional 2,355 shares during the period. The Return on Equity ratio of Discovery Communications, Inc.

Institutions own - of Discovery Communications, Inc. Vanguard Group Inc. now owns 16,661,316 shares of the company's stock valued at $430,362,000 after purchasing an additional 858,015 shares during the period. BlackRock Inc. boosted its position in shares of Discovery Communications by 2.0% during the 2nd quarter. The stock is trading at $21.81 a bit lower than $23.20, the stock's 50 day moving average and much lower than the 200 day moving average of $26.08. Hedge funds and other institutional investors own 45.84% of the company's stock.

Now we will discuss the financial strength of Discovery Communications, Inc.

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