Discovery Communications (DISCA): Price Target and June Short Interest Disclosure

Discovery Communications (DISCA) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $23. The average forecast of all the analysts is $29.79 and the expected standard deviation is $3.95.

Discovery Communications (DISCA) has witnessed a rise of 6.6% or 1,583,773 shares in its short figure. The short interest augmentation took it from 24,071,908 on June 15,2016 to 25,655,681 on June 30,2016. In terms of floated shares, the short interest was calculated to be 17.3%. The days to cover are 6 given that the daily volume averaged 4,050,292 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Bernstein downgrades its rating on Discovery Communications (NASDAQ:DISCA). The global brokerage major lowers the current price target from $29 per share to $23 per share. Analysts at the Bernstein have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 6, 2016.


Discovery Communications (NASDAQ:DISCA): stock turned positive on Thursday. Though the stock opened at $25.76, the bulls momentum made the stock top out at $25.83 level for the day. The stock recorded a low of $25.465 and closed the trading day at $25.7, in the green by 0.82%. The total traded volume for the day was 3,708,077. The stock had closed at $25.49 in the previous days trading.

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).

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