Discovery Communications (DISCK) was Downgraded by Topeka Capital Markets to ” Hold” while Lowering the Price Target of the company shares to $ 30 from a previous price target of $37 . Earlier the firm had a rating of “Buy ” on the company shares. Topeka Capital Markets advised their investors in a research report released on Apr 25, 2016.
Discovery Communications opened for trading at $27.69 and hit $28.17 on the upside on Friday, eventually ending the session at $27.95, with a gain of 0.98% or 0.27 points. The heightened volatility saw the trading volume jump to 20,23,141 shares. Company has a market cap of $11,486 M.
Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).