Brokerage Firm Rating Update on Discovery Communications (DISCK)

Discovery Communications (DISCK) : 3 analysts are covering Discovery Communications (DISCK) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Discovery Communications (DISCK) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $26. The average forecast of all the analysts is $28 and the expected standard deviation is $2.


Company shares have received an average consensus rating of Hold for the current week

Discovery Communications (NASDAQ:DISCK): stock was range-bound between the intraday low of $24.31 and the intraday high of $24.6 after having opened at $24.44 on Wednesdays session. The stock finally closed in the red at $24.44, a loss of -0.12%. The stock remained in the red for the whole trading day. The total traded volume was 911,086 shares. The stock failed to cross $24.6 in Wednesdays trading. The stocks closing price on Thursday was $24.47.

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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.