Price Target Analysis Discovery Communications, Inc. (DISCA)

14 October, 2017, 00:00 | Author: Regina Silva

Current price level places the company's stock about -60.43% from the 52-week high and -0.41% away from the 52-week low. During last 3 month period, 0.36% of total institutional ownership has changed in the company shares. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%.

The consensus analysts recommendation at this point stands at 3.00 on Discovery Communications, Inc.

EPS Estimate for the next year is 2.5.

TRADEMARK VIOLATION WARNING: This story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another publication, it was copied illegally and republished in violation of U.S. and global copyright and trademark legislation. Discovery Communications Inc. (NASDAQ:DISCK) has risen 0.32% since October 13, 2016 and is uptrending.

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Several other equities analysts have also commented on the stock. Wells Fargo & Company began coverage on shares of Discovery Communications in a report on Thursday, July 20th. The firm has "Hold" rating by Topeka Capital Markets given on Monday, April 25. MKM Partners reiterated a neutral rating and issued a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reiterated a "hold" rating and issued a $30.00 price objective (down previously from $32.00) on shares of Discovery Communications in a report on Friday, July 14th. Analysts have a mean recommendation of 3.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Shares of Discovery Communications (NASDAQ:DISCA) traded down 1.35% during mid-day trading on Wednesday, hitting $19.73. Over a month, it has seen its stock price volatility to stay at 2.86% while shortening the period to a week, volatility was 2.28%. According to these analysts, the Low Revenue Estimate for Discovery Communications, Inc.is 1.62 Billion and the High Revenue Estimate is 1.67 Billion. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 10.47 and a beta of 1.56. (DISCK), its current distance from 20-Day Simple Moving Average is -9.63% and standing -12.75% away from 50-Day Simple Moving Average while traded down -27.71% from 200-Day Simple Moving Average.

In related news, CFO Gunnar Wiedenfels acquired 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 15th. S Anstrom, a director at (DISCA), bought 10000 shares at a price of 23.05 to bring his total ownership in the stock to 13,931 shares. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Discovery Communications, Inc.'s institutional ownership is 0%, while its institutional transactions stand at 0.36%. (DISCK)'s shares. The total value of these holdings, in millions, is $3,308. Moreover, South Dakota Investment Council has 0.04% invested in the company for 329,233 shares. The disclosure for this purchase can be found here. 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. Mn Services Vermogensbeheer B.V. lifted its position in shares of Discovery Communications by 482.6% in the 2nd quarter.

Driving interest in Discovery Communications, Inc. Ameritas Investment Partners Inc. acquired a new position in Discovery Communications in the first quarter valued at approximately $182,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Discovery Communications by 112.1% in the 1st quarter. This trading reaction position the stock on Active limelight. Discovery Communicatns New now has $7.08 billion valuation.

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