ValuEngine Lowers Discovery Communications (NASDAQ:DISCA) to Sell

ValuEngine downgraded shares of Discovery Communications (NASDAQ:DISCA) from a hold rating to a sell rating in a research note released on Tuesday morning, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Barrington Research reissued a buy rating and issued a $40.00 price target on shares of Discovery Communications in a report on Thursday, November 7th. UBS Group increased their target price on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a neutral rating in a report on Monday, November 11th. BidaskClub lowered shares of Discovery Communications from a hold rating to a sell rating in a report on Wednesday, August 28th. Imperial Capital raised Discovery Communications from an in-line rating to an outperform rating and raised their target price for the stock from $29.00 to $34.00 in a research note on Tuesday, October 22nd. Finally, Rosenblatt Securities boosted their price target on Discovery Communications from $30.00 to $33.00 and gave the company a neutral rating in a report on Sunday, November 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $33.88.

Shares of NASDAQ DISCA traded up $0.03 during midday trading on Tuesday, reaching $32.11. The company had a trading volume of 173,689 shares, compared to its average volume of 3,991,466. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.33. Discovery Communications has a one year low of $23.79 and a one year high of $33.65. The firm’s fifty day moving average price is $29.88 and its 200-day moving average price is $29.05. The stock has a market cap of $16.87 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 7th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Discovery Communications had a net margin of 16.81% and a return on equity of 23.29%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Discovery Communications will post 3.67 EPS for the current year.

In other news, Director John C. Malone bought 2,670,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $28.03 per share, for a total transaction of $74,840,100.00. Following the purchase, the director now directly owns 10,317,937 shares in the company, valued at approximately $289,211,774.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce Campbell sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.01, for a total value of $825,250.00. Following the completion of the transaction, the insider now owns 364,219 shares of the company’s stock, valued at approximately $12,022,869.19. The disclosure for this sale can be found here. Insiders have sold 70,570 shares of company stock worth $2,292,705 in the last quarter. 4.43% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Zimmer Partners LP increased its holdings in shares of Discovery Communications by 92.8% during the third quarter. Zimmer Partners LP now owns 1,759,100 shares of the company’s stock valued at $46,845,000 after acquiring an additional 846,600 shares in the last quarter. KCM Investment Advisors LLC boosted its stake in Discovery Communications by 14.3% in the 3rd quarter. KCM Investment Advisors LLC now owns 21,308 shares of the company’s stock worth $567,000 after purchasing an additional 2,673 shares in the last quarter. Lingohr & Partner Asset Management GmbH bought a new position in Discovery Communications in the 3rd quarter worth about $778,000. Covington Capital Management grew its position in Discovery Communications by 106.0% during the 3rd quarter. Covington Capital Management now owns 1,030 shares of the company’s stock valued at $27,000 after purchasing an additional 530 shares during the last quarter. Finally, Redwood Investment Management LLC grew its position in Discovery Communications by 37.4% during the 3rd quarter. Redwood Investment Management LLC now owns 29,203 shares of the company’s stock valued at $778,000 after purchasing an additional 7,942 shares during the last quarter. Institutional investors and hedge funds own 35.39% of the company’s stock.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

Read More: Why do commodities matter?

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

Analyst Recommendations for Discovery Communications (NASDAQ:DISCA)

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.