The higher price target estimate is at $48 while the lower price estimates are fixed at $32.
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Warren said the company has spent over $6.2 billion buying back shares since the beginning of the share repurchase program at the end of 2010.
Revenue in its education segment fell to $40 million from $42 million, though that segment isn’t a large contributor to revenue. Institutional Investors own 97.7% of Company shares. Zacks downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th.
Discovery Communications (NASDAQ:DISCK) traded up 4.68% during mid-day trading on Tuesday, reaching $27.97.
Equity Analysts at the Brokerage Firm, UBS, upgrades their rating on the shares of Discovery Communications, Inc. During last 3 month period, 2.78% of total institutional ownership has changed in the company shares.
Stock holders will be watching when Discovery Communications, Inc. reports their next earnings results on 2015-08-05. (NASDAQ:DISCA) are trading -2.130% at the time of writing and in the range of 28.200 – 29.070 for the current session. That strong bounce was powered by a 12% jump in the distribution fees that Discovery charges TV providers for its content. Distribution charges are now up a hefty 13% through the first six months of the year. (DISCA) at $36.15. The standard deviation of short term price target has been estimated at $3.37, implying that the actual price may fluctuate by this value.
“We rate DISCOVERY COMMUNICATIONS INC (DISCA) a BUY”.
Back home, Discovery signed a deal with Sony Corp.to be part of an online video-streaming service it plans to launch, becoming the second major media company after Viacom Inc.to do so.
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Discovery’s worldwide networks accounted for nearly half its revenue last quarter. The Company’s U.S. Networks segment consists of national television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings, and production studios. In May 2014, the Company announced that it has completed acquisition of a controlling interest in Eurosport global, Europe’s sports entertainment group.
