Discovery Communications (NASDAQ:DISCA) Getting Somewhat Favorable Media Coverage, Accern Reports

Seizert Capital Partners LLC increased its stake in shares of Discovery Communications by 57.0% in the first quarter.

Investors and Traders continue to monitor technical levels of shares of Viacom, Inc. UBS Asset Management Americas Inc. now owns 1,038,265 shares of the company's stock worth $28,458,000 after buying an additional 35,018 shares in the last quarter. Finally, British Columbia Investment Management Corp boosted its position in shares of Discovery Communications by 206.7% in the first quarter. Deutsche Bank maintained Discovery Communications Inc. -% shares of the company were owned by institutional investors. Discovery Communications has a one year low of $21.99 and a one year high of $29.18. (NASDAQ DISCK) traded down 2.166% on Thursday, reaching $21.905. Comerica Bank now owns 48,580 shares of the company's stock valued at $1,428,000 after buying an additional 2,145 shares during the last quarter.

The average 12 month target price among brokers that have covered the stock in the a year ago is $27.1. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 12.23 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, May 9th. The share last price represents downtick move of -35.42% in value from company's 52-Week high price and shows -0.13% behind change in value from its 52-Week low price. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.75 billion during the quarter. During the same quarter past year, the company earned $0.71 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis. For the outlook of the current financial quarter, Analysts think the firm will post 0.16 earnings per share.

COPYRIGHT VIOLATION WARNING: "Doyle Wealth Management Takes Position in Discovery Communications, Inc. (DISCA) Stake Increased by Strs Ohio" was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright & trademark law. Virginia-based Quantitative Investment Ltd has invested 0.12% in Discovery Communications Inc.


A number of brokerages have commented on DISCA. As per Wednesday, October 14, the company rating was downgraded by Macquarie Research. Cowen and Company reissued a "hold" rating and set a $29.00 price target on shares of Discovery Communications in a research note on Tuesday, July 11th.

Discovery Communications, Inc. had its "market perform" rating reiterated by analysts at Barrington Research. (NASDAQ:DISCA) in a research report issued on Thursday, July 20th, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Volume was down 96.59% under the stocks average daily volume. Finally, Trust Co. of Oklahoma acquired a new stake in shares of Discovery Communications during the first quarter valued at $209,000. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. (NASDAQ:DISCA) shares were sold by Campbell Bruce. The shares were purchased at an average price of $23.01 per share, with a total value of $460,200.00. BB&T Corp now owns 240,789 shares of the company's stock worth $6,070,000 after buying an additional 9,019 shares in the last quarter. The disclosure for this sale can be found here.

The stock, after recent close, is -9.169% below their SMA 50 and -8.266% from SMA20 and is -13.47% below than SMA200.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Discovery Communications, Inc.

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