Several analysts have issued reports on the stock.
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Discovery Communications, Inc. (NASDAQ:DISCA) dropped -1.28% and closed the trade at $ 24.77. Addenda Capital Inc. raised its position in Discovery Communications by 0.5% in the first quarter. Finally, FBR & Co boosted their target price on shares of Discovery Communications from $29.00 to $32.00 and gave the company a “mkt perform” rating in a research note on Monday, May 9th. Citigroup downgraded the stock on May 18 to “Sell” rating. The Corporation has average brokerage recommendation (ABR) of NA based on consensus of the brokerage firms issuing ratings. Discovery Communications Inc. (NASDAQ:DISCA) has declined 7.55% since December 23, 2015 and is downtrending. Discovery Communications, Inc. experienced its Day High at -13.71%, with its Day Low of 5.37%. The company has market capitalization of $10.61B. The stock is now holding above its 50 day moving average of $-3.49 and below its 200 day moving average of $25.35.
After kicking around near 52-week lows in July, Discovery Communications (NASDAQ:DISCA) is up hard, +6.2%, following Q2 earnings where it grew profits 43% thanks to USA growth unhampered by currency concerns.
Discovery posted per-share earnings of 66 cents, which beat a Wall Street estimate of 54 cents. The expected DISCA’s profit could reach $250.59 million giving the stock 9.96 P/E in the case that $0.63 earnings per share is reported. Revenue increased 3% year-over-year to $1.71 billion, meeting analysts expected $1.71 billion. Because of the Olympics and the decision to air Discovery Channel’s popular Shark Week earlier in the summer, ad revenue is likely to be down in the low single-digit range from past year but should rebound to positive in the fourth quarter, Warren said. Total Advertising revenue stood at $813 million, down 0.1% year over year. Company has a 52-Week High of -25.43% and a 52-Week Low of 5.37%. Its Director, 10% Owner MALONE JOHN C sold 183,637 company shares for $5149000.18, in a transaction on 2016-05-10. (NASDAQ:DISCK) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Discovery Communications, Inc.is in the CATV Systems industry and Services sector.
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“Discovery posted a solid quarter of growth and financial results by investing in premium and diversified content”, said Chief Executive David Zaslav.
