Discovery Communications (DISCA) : Zacks Investment Research ranks Discovery Communications (DISCA) as 3, which is a Hold recommendation. 2 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 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 3, 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 $29 and the possibility the share price can swing is $3.76.
Also, Brokerage firm Macquarie upgrades its rating on Discovery Communications (NASDAQ:DISCA). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 3, 2016.
Discovery Communications (NASDAQ:DISCA): The stock opened in the green at $24.74 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $24.8 and a low of $24.18 for the day. The stock did not find buyers even at the lows and closed at $24.41 recording a loss of -1.33%. 4,156,710 shares exchanged hands during the trading day. The stock had closed at $24.74 in the previous days trading.
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).