Short Term Price Target on Discovery Communications (DISCA)

Discovery Communications (NASDAQ:DISCA) : The consensus price target for Discovery Communications (NASDAQ:DISCA) is $29.79 for the short term with a standard deviation of $3.95. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $23.

Discovery Communications, Inc. has lost 4.32% in the last five trading days and dropped 9.28% in the last 4 weeks. Discovery Communications, Inc. has dropped 12.7% during the last 3-month period . Year-to-Date the stock performance stands at -5.43%. Also, Brokerage firm Bernstein downgrades its rating on Discovery Communications (NASDAQ:DISCA). As per the latest information, the brokerage house lowers the price target to $23 per share from a prior target of $29. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 6, 2016.

Discovery Communications (NASDAQ:DISCA) : The consensus on Discovery Communications (NASDAQ:DISCA) based on 18 analyst recommendation on the company stock is 2.89, 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 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Discovery Communications (NASDAQ:DISCA).

Discovery Communications (NASDAQ:DISCA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.51 and $24.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.23, notching a gain of 3.49% for the day. The total traded volume was 6,201,589 . The stock had closed at $24.38 on the previous day.

In an insider trading activity, Malone John C, director 10% owner of Discovery Communications, Inc., unloaded 183,637 shares at an average price of $28.04 on May 10, 2016. The total amount of the transaction was worth $5,149,181, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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