Discovery Communications (DISCA) is Downgraded by Citigroup to Sell, Lowers Price Target to $ 27

Discovery Communications (DISCA) was Downgraded by Citigroup to ” Sell” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $30 . Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on May 18, 2016.

Many Wall Street Analysts have commented on Discovery Communications. Company shares were Reiterated by FBR Capital on May 9, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $29 .Barrington Research Upgraded Discovery Communications on May 6, 2016 to ” Outperform”, Price Target of the shares are set at $33.Company shares were Reiterated by MKM Partners on May 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 28 from a previous price target of $27 .

On the company’s financial health, Discovery Communications reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.43. The company had revenue of $1561.00 million for the quarter, compared to analysts expectations of $1561.24 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Discovery Communications closed down -0.45 points or -1.61% at $27.53 with 35,90,600 shares getting traded on Monday. Post opening the session at $28.09, the shares hit an intraday low of $27.48 and an intraday high of $28.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 18, 2015, Robert Miron (director) sold 820 shares at $26.31 per share price. According to the SEC, on Nov 9, 2015, Paul J Guagliardo (Chief Commercial Officer) sold 851 shares at $30.14 per share price. On Jun 3, 2015, Paul A Gould (director) sold 2,644 shares at $32.91 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

Discovery Communications

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Discovery Communications - Is it time to Sell?

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