Discovery Inc Series C (DISCK) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Discovery Inc Series C (NASDAQ:DISCK) from a sell rating to a hold rating in a research report released on Thursday morning.

DISCK has been the topic of a number of other reports. BidaskClub raised Discovery Inc Series C from a hold rating to a buy rating in a report on Wednesday, June 13th. Morgan Stanley decreased their price objective on Discovery Inc Series C to $29.00 and set an equal weight rating on the stock in a report on Monday, May 7th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Discovery Inc Series C presently has an average rating of Hold and an average price target of $29.00.

Shares of NASDAQ DISCK opened at $26.25 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.00. Discovery Inc Series C has a one year low of $14.99 and a one year high of $27.15. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 12.29 and a beta of 1.41.

Discovery Inc Series C (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. Discovery Inc Series C had a positive return on equity of 19.34% and a negative net margin of 7.40%. The firm had revenue of $2.31 billion for the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its holdings in shares of Discovery Inc Series C by 9.9% during the 4th quarter. Amalgamated Bank now owns 25,714 shares of the company’s stock worth $544,000 after purchasing an additional 2,327 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Discovery Inc Series C by 10.9% during the 1st quarter. CIBC Asset Management Inc now owns 24,142 shares of the company’s stock worth $471,000 after purchasing an additional 2,366 shares in the last quarter. Skba Capital Management LLC grew its holdings in shares of Discovery Inc Series C by 22.3% during the 1st quarter. Skba Capital Management LLC now owns 13,450 shares of the company’s stock worth $263,000 after purchasing an additional 2,450 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Discovery Inc Series C by 50.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,874 shares of the company’s stock worth $154,000 after purchasing an additional 2,624 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Discovery Inc Series C by 5.6% during the 1st quarter. SG Americas Securities LLC now owns 51,504 shares of the company’s stock worth $1,005,000 after purchasing an additional 2,720 shares in the last quarter. 54.30% of the stock is currently owned by hedge funds and other institutional investors.

Discovery Inc Series C Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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