Discovery Communications, Inc. (DISCK) Upgraded to Buy at Zacks Investment Research

Paterniano Del Favero
Agosto 16, 2017

If the $20.90 price target is reached, the company will be worth $342.40M less.

More notable recent Discovery Communications Inc. Following the sale, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. Finally, Gulf International Bank UK Ltd raised its stake in Discovery Communications by 1.2% in the first quarter. Auxier Asset Management now owns 207,836 shares of the company's stock worth $5,697,000 after buying an additional 5,350 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Discovery Communications by 0.9% in the first quarter.

As of quarter end Manufacturers Life Insurance Company, The had sold a total of 33,462 shares trimming its position 45.5%. The ratio increased, as 211 investment managers started new or increased holdings, while 240 decreased and sold stakes in Discovery Communications Inc. Palisade Capital Management Llc Nj, a New Jersey-based fund reported 665,276 shares. Trust Co. of Oklahoma bought a new position in Discovery Communications during the first quarter worth $209,000.

A number of other large investors also recently made changes to their positions in the stock. Discovery Communications Inc. (NASDAQ:DISCK) has risen 0.32% since August 15, 2016 and is uptrending. (DISCA) traded down 0.61% during mid-day trading on Tuesday, hitting $22.76. The company had a trading volume of 2,270,774 shares. The firm has a 50-day moving average of $26.21 and a 200-day moving average of $27.38. The company has market cap of $1.60 billion. (NASDAQ:DISCA). Keybank National Association Oh has invested 0% in Discovery Communications Inc. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.76 billion. Next quarter's EPS is estimated at $0.54 and the next full year EPS is anticipated to be $2.33. The business's revenue was up 3.3% compared to the same quarter previous year. On average, equities research analysts expect that Discovery Communications will post $2.23 EPS for the current fiscal year. (NASDAQ:DISCA). Bessemer Gru owns 2,107 shares for 0% of their portfolio.

TRADEMARK VIOLATION WARNING: This report was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze.

ILLEGAL ACTIVITY NOTICE: "Discovery Communications, Inc".

DISCA has been the subject of a number of recent research reports. BidaskClub upgraded Discovery Communications from a "sell" rating to a "hold" rating in a research note on Wednesday, June 14th. Pivotal Research restated a "hold" rating and issued a $28.00 price target (up from $27.00) on shares of Discovery Communications in a research note on Sunday, April 23rd. Massachusetts Fincl Svcs Communication Ma reported 0.02% of its portfolio in Discovery Communications Inc. Royal Bank Of Canada set a $32.00 price objective on Discovery Communications and gave the company a "buy" rating in a research note on Monday, June 12th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the company. Analysts reported that the Price Target for Discovery Communications, Inc. might touch $36 high while the Average Price Target and Low price Target is $27.55 and $22 respectively.

Here are a few other firms who have updated their positions. The stock was acquired at an average cost of $23.05 per share, for a total transaction of $230,500.00. Following the completion of the transaction, the chief financial officer now owns 35,000 shares in the company, valued at $759,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other news, Director S Decker Anstrom bought 10,000 shares of the stock in a transaction on Wednesday, August 2nd. The disclosure for this purchase can be found here. Quantbot Technologies LP now owns 6,622 shares of the company's stock worth $187,000 after buying an additional 6,039 shares during the period. The stock of TransCanada Corporation (USA) (NYSE:TRP) earned "Buy" rating by Goldman Sachs on Wednesday, July 20. Discovery Communications Inc now has $8.54 billion valuation. The Firm provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.

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