Discovery Communications (DISCA) is Reiterated by MKM Partners to Neutral, Raises Price Target to $ 29

Discovery Communications (DISCA) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $27 . MKM Partners advised their investors in a research report released on Aug 3, 2016.

Many Wall Street Analysts have commented on Discovery Communications. Discovery Communications was Upgraded by Macquarie to ” Neutral” on Aug 3, 2016. Shares were Reiterated by MKM Partners on Jul 18, 2016 to “Neutral” and Lowered the Price Target to $ 27 from a previous price target of $28 .Shares were Downgraded by UBS on Jul 15, 2016 to ” Sell” and Lowered the Price Target to $ 24 from a previous price target of $30 .

On the company’s financial health, Discovery Communications reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $1708.00 million for the quarter, compared to analysts expectations of $1709.64 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Discovery Communications opened for trading at $26 and hit $26.53 on the upside on Tusday, eventually ending the session at $26.42, with a gain of 6.66% or 1.65 points. The heightened volatility saw the trading volume jump to 86,82,352 shares. Company has a market cap of $10,719 M.

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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