Discovery Communications, Inc. (NASDAQ:DISCA) Seeing Rampant Activity Today

Cornelia Mascio
Ottobre 13, 2017

According to Zacks, "Shares of Discovery Communications have underperformed its industry on a year-to-date basis". Adverse foreign currency movements are also hurting the company. On materialization, the deal is expected to broaden Discovery's product portfolio, substantially. (NASDAQ:DISCA) from a hold rating to a buy rating in a research report released on Wednesday morning. Finally, Sanford C. Bernstein reissued an "underperform" rating on shares of Discovery Communications in a research note on Tuesday, September 12th. The 50 day moving average went down by -5.17% and the 200 day average went down $-4.08 or -15.65%.

Shares of Discovery Communications (NASDAQ:DISCA) traded down 1.35% during mid-day trading on Wednesday, hitting $19.73. Overall, volume was up 179.98% over the stocks normal daily volume. The company has a 50-day moving average of $21.56 and a 200 day moving average of $25.18. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 13.31 and a beta of 1.52. (FOX) is recuperating from the fall at $24.41, the 52-week low. Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.09. Asset Management Advisors, LLC controls 92,715 shares valued at $2,337,000.

On a similar note, analysts expect EPS of $0.55 in September 2017 quarter and $0.61 in December 2017 quarter, representing 37.5% and 8.93% growth, respectively.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.54, compared to 0.36 reported in the same quarter previous year. If you are reading this news story on another publication, it was copied illegally and republished in violation of worldwide trademark & copyright legislation. The original version of this report can be accessed at

In related news, CFO Gunnar Wiedenfels acquired 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $227,100. The disclosure for this purchase can be found here.

Traders are a little more bearish on shares of the company recently if you evaluate the rise in short interest. Holderness Co owns 10,100 shares or 0.13% of their United States portfolio.

The following firms have recently changed their position in DISCK. Royal Bank Of Canada reissued a "buy" rating and issued a $32.00 target price on shares of Discovery Communications in a research report on Friday, July 14th. Cullen Frost Bankers Inc acquired 342,210 shares as Kroger Co Com (KR)'s stock declined 14.05%. Horizon Investment Services LLC purchased a new stake in shares of Discovery Communications in the first quarter valued at about $202,000. Vanguard Group Inc. raised its holdings in shares of Discovery Communications by 5.4% during the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company's stock worth $430,362,000 after purchasing an additional 858,015 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: "Discovery Communications, Inc". Squarepoint Ops LLC owns 152,922 shares with a value of $3,855,000. Vanguard Group Inc. boosted its position in shares of Discovery Communications by 5.4% during the 2nd quarter. Hedge funds and other institutional investors own 45.84% of the company's stock.

Discovery Communications, Inc (Discovery) is a global media company. 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. The Company's divisions include U.S.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE