Discovery Communications (DISCK) : Analyst Rating Update

Discovery Communications (DISCK) : The consensus on Discovery Communications (DISCK) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Discovery Communications (DISCK) : The most positive equity analysts on Discovery Communications (DISCK) expects the shares to touch $30, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $27.33 with an expected fluctuation of $3.06 from the mean.

Discovery Communications (NASDAQ:DISCK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.37 and $23.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.90, notching a gain of 1.96% for the day. The total traded volume was 2,475,090 . The stock had closed at $23.44 on the previous day.

The company shares have dropped -24.02% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $32.78 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $25.24 and the 200 Day Moving Average price is recorded at $26.09.

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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