Discovery Communications (DISCA) : Zacks Investment Research ranks Discovery Communications (DISCA) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 2.89, which indicates as a Hold.
Discovery Communications (DISCA) : The highest level Discovery Communications (DISCA) is projected to reach is $35 for the short term and the lowest estimate is at $23. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $28.85 and the possibility the share price can swing is $3.93.
Company shares have received an average consensus rating of Hold for the current week Discovery Communications (NASDAQ:DISCA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.85 and $25.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.10, notching a gain of 1.32% for the day. The total traded volume was 2,097,958 . The stock had closed at $25.76 on the previous day.
In a related news, The director 10% owner, of Discovery Communications, Inc., Malone John C had unloaded 183,637 shares at $28.04 per share in a transaction on May 10, 2016. The total value of transaction was $5,149,181. The Insider information was revealed by 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).